【is reading smutty books a sin】Labrador Iron Ore Royalty Corporation Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Labrador Iron Ore Royalty Corporation
(
TSE:LIF
) just released its latest annual report and things are not looking great. Labrador Iron Ore Royalty missed analyst estimates,is reading smutty books a sin with revenues of CA$177m and statutory earnings per share (EPS) of CA$3.21, missing by 4.8% and 2.1% respectively. Analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Check out our latest analysis for Labrador Iron Ore Royalty
TSX:LIF Past and Future Earnings, March 8th 2020
Taking into account the latest results, the four analysts covering Labrador Iron Ore Royalty provided consensus estimates of CA$161.8m revenue in 2020, which would reflect an uneasy 8.7% decline on its sales over the past 12 months. Statutory earnings per share are forecast to dive 21% to CA$2.54 in the same period. Before this earnings report, analysts had been forecasting revenues of CA$165.5m and earnings per share (EPS) of CA$2.58 in 2020. So it looks like analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is expected to maintain EPS.
The consensus has reconfirmed its price target of CA$29.57, showing that analysts don't expect weaker sales expectations next year to have a material impact on Labrador Iron Ore Royalty's market value. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Labrador Iron Ore Royalty at CA$34.00 per share, while the most bearish prices it at CA$25.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
It can also be useful to step back and take a broader view of how analyst forecasts compare to Labrador Iron Ore Royalty's performance in recent years. We would highlight that sales are expected to reverse, with the forecast 8.7% revenue decline a notable change from historical growth of 11% over the last five years. Compare this with our data, which suggests that other companies in the same market are, in aggregate, expected to see their revenue grow 6.0% next year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - analysts also expect Labrador Iron Ore Royalty to grow slower than the wider market.
Story continues
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. On the negative side, they also downgraded their revenue estimates, and forecasts imply revenues will perform worse than the wider market. Yet - earnings are more important to the intrinsic value of the business. The consensus price target held steady at CA$29.57, with the latest estimates not enough to have an impact on analysts' estimated valuations.
Still, the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Labrador Iron Ore Royalty analysts - going out to 2024, and you can
see them free on our platform here.
We also provide an overview of the Labrador Iron Ore Royalty Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock,
here
.
If you spot an error that warrants correction, please contact the editor at
. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
View comments
下一篇:Exclusive: U.S. sanctions have idled a quarter of Iranian oil rigs
相关文章:
- Upstate New York could be getting a Soho House
- Amazon's Earnings Were Strong, but Its Outlook Disappointed: 5 Metrics You Should See
- Is Wasatch Emerging India Fund (WAINX) a Strong Mutual Fund Pick Right Now?
- Forex Daily Outlook – February 1, 2019
- Guggenheim Energy & Income Fund Announces Tender Offer
- Does Citizens Financial Group, Inc.'s (NYSE:CFG) CEO Pay Matter?
- Weight Watchers posts dynamite earnings, and the stock is soaring
- BRIEF-Henan Hengxing Science & Technology's Unit Plans To Invest 2.1 Bln Yuan In Project
- GBP/USD Price Forecast – British Pound Charging Into Big Figure Again
- BRIEF-Eastern Gold Jade's Chairman Zhao Ning Resigns After Company Expects Net Loss For 2018
相关推荐:
- Are Options Traders Betting on a Big Move in Penn National (PENN) Stock?
- Wall Street falls at open on global slowdown fears
- Billy Bragg Congratulates Australia’s New Leader Anthony Albanese: ‘He Has a Socialism of the Heart’
- Horizon Pharma (HZNP) Up 28% on Business Expansion Strategy
- Trintech Extends Reporting Capabilities in Its Adra Suite with the Launch of Adra Analytics
- Is There Now An Opportunity In Berkshire Hills Bancorp, Inc. (NYSE:BHLB)?
- UnitedHealth Falls 3%
- US futures fluctuate after S&P 500 hits all-time high
- Romios Completes 2020 Field Work in the Golden Triangle, Identifies Strong Alteration Zones at Recent Copper-Gold Discoveries on its TREK SOUTH and ANDREI EAST Porphyry Targets
- South Korea's Hyundai target 2019 global sales of 4.7 million vehicles
- Romios Completes 2020 Field Work in the Golden Triangle, Identifies Strong Alteration Zones at Recent Copper-Gold Discoveries on its TREK SOUTH and ANDREI EAST Porphyry Targets
- Portugal says unacceptable to block EU recovery funds
- The Global Virtualization in Industrial Automation Market is expected to grow by $ 216.39 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period
- Market Sentiment Improves As Investors Pin Hopes on G7 Action
- ETFs Ways to Tap the Rise in Silver Price
- Peak Announces Initiation of Research Coverage by eResearch
- TAL EDUCATION INVESTOR ALERT: National Litigation Firm Labaton Sucharow Announces Investigation of TAL Education Group (TAL) and Strongly Encourages Stock, Options, Derivative Investors with Losses to Contact the Firm
- Ocean Shipping Services Continue To Deteriorate
- Former Walmart CEO says coronavirus will challenge department stores
- IRS offers new relief options to help with tax bills during coronavirus pandemic