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Black Diamond Group Limited (TSE:BDI) to Post Q2 2023 Earnings of $0.07 Per Share, Cormark Forecasts

Defense World ·  Aug 11, 2022 03:32

Black Diamond Group Limited (TSE:BDI – Get Rating) – Cormark raised their Q2 2023 earnings 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 $0.07 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for Black Diamond Group's current full-year earnings is $0.39 per share.

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

Black Diamond Group Trading Up 0.2 %

Shares of Black Diamond Group stock opened at C$4.19 on Wednesday. The company has a fifty day simple moving average of C$3.77 and a 200-day simple moving average of C$4.26. Black Diamond Group has a 12-month low of C$3.10 and a 12-month 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 stock has a market cap of C$249.49 million and a price-to-earnings ratio of 11.64.

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

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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