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Conifex Timber First Quarter 2024 Earnings: CA$0.11 loss per share (vs CA$0.20 loss in 1Q 2023)

editorial-team@simplywallst.com (Simply Wall St)
·1 min read

Conifex Timber (TSE:CFF) First Quarter 2024 Results

Key Financial Results

  • Revenue: CA$40.8m (up 2.1% from 1Q 2023).

  • Net loss: CA$4.54m (loss narrowed by 44% from 1Q 2023).

  • CA$0.11 loss per share (improved from CA$0.20 loss in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Conifex Timber Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Forestry industry in Canada.

Performance of the Canadian Forestry industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Conifex Timber (of which 1 is concerning!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.