Scotiabank Has Positive Outlook of Canfor FY2026 Earnings

Key Points

• Scotiabank raised its Canfor FY2026 loss estimate to C$1.27 per share from C$1.35, while forecasting FY2027 earnings of C$0.54 per share. This remains below the broader FY2026 consensus estimate of C$0.40 EPS.
• Analyst sentiment is mixed but leans positive, with Canfor carrying a “Moderate Buy” average rating and a C$17.00 consensus price target. Recent actions included TD raising its target to C$20, while RBC downgraded the stock to “Hold.”
• Canfor reported a quarterly loss of C$0.16 per share on C$1.53 billion in revenue, alongside a negative 12.04% net margin and negative 25.37% return on equity. Shares opened at C$15.57, near their 12-month high of C$16.08.

Canfor Co. (TSE:CFP - Free Report) - Equities research analysts at Scotiabank upped their FY2026 earnings estimates for shares of Canfor in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings of ($1.27) per share for the year, up from their prior forecast of ($1.35). The consensus estimate for Canfor's current full-year earnings is $0.40 per share. Scotiabank also issued estimates for Canfor's FY2027 earnings at $0.54 EPS.

Several other equities research analysts have also recently commented on the company. Royal Bank Of Canada cut Canfor from a "moderate buy" rating to a "hold" rating and set a C$15.00 price objective on the stock. in a research report on Thursday, April 16th. Raymond James Financial lowered Canfor from a "strong-buy" rating to an "outperform" rating and set a C$17.00 target price for the company. in a research report on Friday, April 24th. Finally, TD upped their target price on shares of Canfor from C$18.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Canfor presently has an average rating of "Moderate Buy" and an average price target of C$17.00.

Canfor Stock Down 0.5%

Canfor stock opened at C$15.57 on Thursday. Canfor has a 12 month low of C$10.86 and a 12 month high of C$16.08. The stock has a fifty day simple moving average of C$13.93 and a two-hundred day simple moving average of C$13.65. The company has a current ratio of 1.35, a quick ratio of 2.14 and a debt-to-equity ratio of 41.78. The firm has a market cap of C$1.83 billion, a price-to-earnings ratio of -2.79 and a beta of 1.41.

Canfor (TSE:CFP - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share (EPS) for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The business had revenue of C$1.53 billion during the quarter.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.

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