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Cormark Weighs in on Black Diamond Group Limited's Q3 2022 Earnings (TSE:BDI)

Defense World ·  Aug 10, 2022 01:21

Black Diamond Group Limited (TSE:BDI – Get Rating) – Stock analysts at Cormark lowered their Q3 2022 EPS estimates for shares of Black Diamond Group in a report issued on Monday, August 8th. Cormark analyst B. Watson now forecasts that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Black Diamond Group's current full-year earnings is $0.39 per share. Cormark also issued estimates for Black Diamond Group's Q4 2022 earnings at $0.05 EPS, FY2022 earnings at $0.23 EPS, Q4 2023 earnings at $0.08 EPS and FY2023 earnings at $0.29 EPS.

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Black Diamond Group (TSE:BDI – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported C$0.06 earnings per share for the quarter, beating analysts' consensus estimates of C$0.05 by C$0.01. The business had revenue of C$69.43 million for the quarter, compared to analysts' expectations of C$66.80 million.

Separately, Raymond James raised shares of Black Diamond Group from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from C$6.50 to C$8.00 in a research report on Monday.

Black Diamond Group Trading Up 3.7 %

Shares of TSE BDI opened at C$4.18 on Tuesday. The firm has a market capitalization of C$248.89 million and a PE ratio of 11.61. Black Diamond Group has a one year low of C$3.10 and a one year high of C$5.65. The company has a current ratio of 1.34, a quick ratio of 1.03 and a debt-to-equity ratio of 74.03. The business has a 50-day moving average price of C$3.78 and a two-hundred day moving average price of C$4.26.

Black Diamond Group Company Profile

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Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.

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