FY2024 Earnings Estimate for Colabor Group Issued By Cormark

Colabor Group Inc. (TSE:GCL) – Research analysts at Cormark lowered their FY2024 EPS estimates for shares of Colabor Group in a report released on Monday, October 21st. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $0.05 per share 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.

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

Several other equities research analysts also recently commented on the company. Raymond James set a C$1.80 target price on Colabor Group and gave the company an “outperform” rating in a report on Tuesday, August 6th. Desjardins raised shares of Colabor Group to a “moderate buy” rating in a research note on Thursday, July 25th.

Colabor Group Stock Performance

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 has a market cap of C$107.09 million, a PE ratio of 26.25, a P/E/G ratio of 0.61 and a beta of 0.83. The business has a fifty day simple moving average of C$1.27 and a 200-day simple moving average of C$1.22. Colabor Group has a fifty-two week low of C$1.00 and a fifty-two week high of C$1.52.

Colabor Group Company Profile

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.