Labrador Iron Earnings Estimate

LIF Stock  CAD 30.33  0.01  0.03%   
By analyzing Labrador Iron's earnings estimates, investors can diagnose different trends across Labrador Iron's analyst sentiment over time as well as compare current EPS estimates against different timeframes. Please be aware that the consensus of earnings estimates for Labrador Iron Ore is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Labrador Iron is projected to generate 0.743 in earnings per share on the 31st of December 2024. Labrador Iron earnings estimates show analyst consensus about projected Labrador Iron Ore EPS (Earning Per Share). It derives the highest and the lowest estimates based on Labrador Iron's historical volatility. Many public companies, such as Labrador Iron, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Labrador Iron's earnings estimates, investors can diagnose different trends across Labrador Iron's analyst sentiment over time as well as compare current estimates against different timeframes. As of the 12th of December 2024, Gross Profit is likely to drop to about 108.9 M. In addition to that, Pretax Profit Margin is likely to drop to 0.86
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labrador Iron Ore. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Labrador Iron Earnings per Share Projection vs Actual

About Labrador Iron Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Labrador Iron earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Labrador Iron estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Labrador Iron fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for Next Year
Retained Earnings347.9 M365.3 M
Earnings Yield 0.09  0.06 
Price Earnings Ratio 10.96  10.41 
Price Earnings To Growth Ratio(0.37)(0.39)

Pair Trading with Labrador Iron

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Labrador Iron position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Labrador Iron will appreciate offsetting losses from the drop in the long position's value.

Moving together with Labrador Stock

  0.71ORE Orezone Gold CorpPairCorr

Moving against Labrador Stock

  0.68WCN Waste ConnectionsPairCorr
  0.58BYD Boyd Group ServicesPairCorr
  0.52FFH Fairfax FinancialPairCorr
  0.44FSV FirstService CorpPairCorr
  0.37CSU Constellation SoftwarePairCorr
The ability to find closely correlated positions to Labrador Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Labrador Iron when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Labrador Iron - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Labrador Iron Ore to buy it.
The correlation of Labrador Iron is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Labrador Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Labrador Iron Ore moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Labrador Iron can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Labrador Stock

Labrador Iron financial ratios help investors to determine whether Labrador Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Labrador with respect to the benefits of owning Labrador Iron security.