Research Analysts Offer Predictions for TSE:FAR Q1 Earnings

Key Points

• Clarus Securities cut its Q1 2027 EPS estimate for Foraco to $0.05 (from $0.07) and now forecasts FY2027 EPS of $0.38, versus a consensus full-year estimate of $0.60 per share.
• Desjardins raised its price target to C$4.50 and assigned a "buy" rating; MarketBeat shows an average analyst rating of "Buy" with a C$4.50 consensus target.
• Foraco reported Q1 EPS of C$0.01 on C$92.11 million in revenue, opened at C$2.97 (down ~5.1%), has a market cap of ~C$291M, and director William Warren Holmes bought 17,000 shares, bringing insiders' ownership to 35.74%.

Foraco International SA (TSE:FAR - Free Report) - Research analysts at Clarus Securities decreased their Q1 2027 earnings estimates for shares of Foraco International in a research report issued on Friday, May 1st. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.07. The consensus estimate for Foraco International's current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International's FY2027 earnings at $0.38 EPS.

Separately, Desjardins raised their price target on shares of Foraco International from C$3.00 to C$4.50 and gave the company a "buy" rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Foraco International has an average rating of "Buy" and a consensus price target of C$4.50.

Foraco International Trading Down 5.1%

TSE FAR opened at C$2.97 on Tuesday. The company has a market cap of C$291.17 million, a price-to-earnings ratio of 20.19 and a beta of 1.10. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 99.57. The business's fifty day moving average is C$2.90 and its 200 day moving average is C$2.61. Foraco International has a twelve month low of C$1.57 and a twelve month high of C$3.54.

Foraco International (TSE:FAR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$92.11 million during the quarter. Foraco International had a return on equity of 16.77% and a net margin of 6.02%.

Insider Activity

In related news, Director William Warren Holmes acquired 17,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were bought at an average price of C$2.84 per share, with a total value of C$48,280.00. Following the transaction, the director directly owned 450,001 shares of the company's stock, valued at C$1,278,002.84. This trade represents a 3.93% increase in their ownership of the stock. 35.74% of the stock is owned by company insiders.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.