Q4 Earnings Estimate for TSE:FAR Issued By Clarus Securities

Foraco International SA (TSE:FAR) – Stock analysts at Clarus Securities decreased their Q4 2024 earnings estimates for shares of Foraco International in a research report issued to clients and investors on Thursday, October 31st. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.07 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International’s Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.50 EPS.

Foraco International (TSE:FAR) last issued its earnings results on Friday, August 2nd. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.01). Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The company had revenue of C$106.56 million for the quarter.

Foraco International Stock Performance

TSE FAR opened at C$2.26 on Friday. The company has a debt-to-equity ratio of 111.75, a quick ratio of 0.88 and a current ratio of 1.40. The stock’s fifty day moving average is C$2.22 and its two-hundred day moving average is C$2.51. The firm has a market capitalization of C$222.81 million, a P/E ratio of 5.51 and a beta of 1.25. Foraco International has a fifty-two week low of C$1.74 and a fifty-two week high of C$3.27.

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.