Q2 2024 Earnings Estimate for Foraco International SA (TSE:FAR) Issued By Clarus Securities

Foraco International SA (TSE:FAR) – Investment analysts at Clarus Securities reduced their Q2 2024 earnings estimates for shares of Foraco International in a research report issued to clients and investors on Wednesday, May 1st. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.18. Clarus Securities has a “Buy” rating on the stock. The consensus estimate for Foraco International’s current full-year earnings is $0.64 per share. Clarus Securities also issued estimates for Foraco International’s Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.22 EPS and FY2025 earnings at $0.65 EPS.

Foraco International Stock Performance

Shares of Foraco International stock opened at C$2.83 on Friday. The firm has a market capitalization of C$279.12 million, a PE ratio of 7.26 and a beta of 1.30. The company has a debt-to-equity ratio of 101.46, a current ratio of 1.49 and a quick ratio of 0.88. The company’s fifty day moving average price is C$2.95 and its two-hundred day moving average price is C$2.43. Foraco International has a 52-week low of C$1.59 and a 52-week high of C$3.27.

Foraco International (TSE:FAR) last announced its quarterly earnings results on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$117.89 million for the quarter. Foraco International had a net margin of 7.76% and a return on equity of 39.08%.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.