Cormark Forecasts Colabor Group’s FY2024 Earnings (TSE:GCL)

Colabor Group Inc. (TSE:GCL) – Equities research analysts at Cormark decreased their FY2024 earnings per share (EPS) estimates for Colabor Group in a note issued to investors on Monday, October 21st. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.08. The consensus estimate for Colabor Group’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Colabor Group’s FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.15 EPS.

A number of other research analysts have also issued reports on the company. Desjardins upgraded Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th. Raymond James set a C$1.80 price objective on shares of Colabor Group and gave the stock an “outperform” rating in a report on Tuesday, August 6th.

Colabor Group Stock Performance

Shares of TSE GCL opened at C$1.05 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 155.65. The firm’s 50-day moving average price is C$1.27 and its two-hundred day moving average price is C$1.22. Colabor Group has a 52-week low of C$1.00 and a 52-week high of C$1.52. The stock has a market capitalization of C$107.09 million, a P/E ratio of 26.25, a P/E/G ratio of 0.61 and a beta of 0.83.

Colabor Group (TSE:GCL) last posted its quarterly earnings results on Thursday, October 17th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Colabor Group had a net margin of 0.51% and a return on equity of 3.56%. The business had revenue of C$162.03 million during the quarter, compared to analyst estimates of C$164.27 million.

About Colabor Group

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.