Analysts Issue Forecasts for TSE:FAR FY2024 Earnings

Foraco International SA (TSE:FAR) – Investment analysts at Desjardins issued their FY2024 EPS estimates for shares of Foraco International in a research note issued on Monday, December 2nd. Desjardins analyst F. Tremblay expects that the company will post earnings of $0.38 per share for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Desjardins also issued estimates for Foraco International’s Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.50 EPS.

Foraco International (TSE:FAR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.03. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The business had revenue of C$105.94 million during the quarter.

Foraco International Trading Down 2.6 %

Foraco International stock opened at C$2.28 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75. Foraco International has a 12-month low of C$1.78 and a 12-month high of C$3.27. The firm has a market capitalization of C$224.79 million, a price-to-earnings ratio of 5.56 and a beta of 1.25. The firm has a 50 day moving average of C$2.25 and a 200 day moving average of C$2.37.

About Foraco International

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration.