Q3 2024 EPS Estimates for Chesswood Group Limited Lowered by Analyst (TSE:CHW)

Chesswood Group Limited (TSE:CHW) – Equities researchers at Cormark reduced their Q3 2024 earnings estimates for Chesswood Group in a research report issued on Monday, June 17th. Cormark analyst J. Fenwick now expects that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Chesswood Group’s current full-year earnings is $1.15 per share. Cormark also issued estimates for Chesswood Group’s Q4 2024 earnings at $0.08 EPS.

Chesswood Group (TSE:CHW) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.20). Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 38.49%. The company had revenue of C$68.80 million for the quarter, compared to analyst estimates of C$71.90 million.

Separately, Raymond James raised shares of Chesswood Group from an “underperform” rating to a “market perform” rating and raised their price target for the company from C$5.00 to C$7.00 in a report on Monday, May 13th.

Chesswood Group Price Performance

Chesswood Group stock opened at C$3.51 on Tuesday. The firm has a fifty day moving average of C$7.13 and a 200-day moving average of C$7.74. The firm has a market capitalization of C$65.01 million, a P/E ratio of -1.71 and a beta of 2.15. Chesswood Group has a 52-week low of C$3.26 and a 52-week high of C$9.20. The company has a quick ratio of 38.05, a current ratio of 44.92 and a debt-to-equity ratio of 1,047.24.

Chesswood Group Company Profile

Chesswood Group Limited operates primarily in the specialty finance industry in North America. The company offers micro and small-ticket commercial equipment financing and origination to small and medium-sized businesses through the third-party broker and equipment vendor channels; and commercial equipment financing and loans to small and medium-sized businesses.