Scotiabank Issues Pessimistic Forecast for TSE:WFG Earnings

Key Points

• Scotiabank lowered its Q3 2026 earnings forecast for West Fraser Timber to a loss of C$1.12 per share, down from its previous estimate of a C$0.73 loss.
• West Fraser reported a quarterly loss of C$1.47 per share on C$1.94 billion in revenue, alongside negative net margin and return on equity.
• Despite the earnings concerns, Raymond James upgraded the stock to “moderate buy”; analysts’ consensus rating is “Moderate Buy,” with a C$96.50 target price.

West Fraser Timber Co. Ltd. (TSE:WFG - Free Report) - Research analysts at Scotiabank lowered their Q3 2026 earnings estimates for shares of West Fraser Timber in a research report issued to clients and investors on Monday, October 26th. Scotiabank analyst B. Isaacson now expects that the company will earn ($1.12) per share for the quarter, down from their previous forecast of ($0.73). The consensus estimate for West Fraser Timber's current full-year earnings is $8.12 per share.

Separately, Raymond James Financial raised shares of West Fraser Timber from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$96.50.

West Fraser Timber Stock Down 2.1%

WFG stock opened at C$95.87 on Thursday. The firm has a market cap of C$7.51 billion, a PE ratio of -6.25 and a beta of 1.05. West Fraser Timber has a 1 year low of C$80.38 and a 1 year high of C$105.25. The company has a fifty day simple moving average of C$95.91 and a 200 day simple moving average of C$93.45. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 6.83.

West Fraser Timber (TSE:WFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported C($1.47) earnings per share for the quarter. West Fraser Timber had a negative net margin of 26.37% and a negative return on equity of 24.96%. The business had revenue of C$1.94 billion for the quarter.

About West Fraser Timber

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers and tissue.

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