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RediShred Capital Corp. (CVE:KUT) to Post Q1 2024 Earnings of $0.04 Per Share, Cormark Forecasts

RediShred Capital Corp. (CVE:KUT - Free Report) - Analysts at Cormark lifted their Q1 2024 earnings estimates for RediShred Capital in a research report issued to clients and investors on Wednesday, May 1st. Cormark analyst D. Ocampo now expects that the company will earn $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for RediShred Capital's current full-year earnings is $0.08 per share. Cormark also issued estimates for RediShred Capital's Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.06 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.29 EPS.

RediShred Capital Stock Down 2.5 %

Shares of KUT stock traded down C$0.07 on Thursday, hitting C$2.72. The stock had a trading volume of 8,550 shares, compared to its average volume of 5,293. The company has a debt-to-equity ratio of 77.38, a current ratio of 0.81 and a quick ratio of 1.33. The business has a 50 day moving average of C$2.79 and a 200 day moving average of C$2.86. RediShred Capital has a 12-month low of C$2.32 and a 12-month high of C$4.33. The stock has a market cap of C$49.78 million, a price-to-earnings ratio of -279.00 and a beta of 1.31.

RediShred Capital (CVE:KUT - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported C($0.07) EPS for the quarter. The company had revenue of C$16.82 million during the quarter. RediShred Capital had a negative net margin of 0.41% and a negative return on equity of 0.55%.


RediShred Capital Company Profile

(Get Free Report)

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates fifteen corporate shredding locations.

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Earnings History and Estimates for RediShred Capital (CVE:KUT)

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