Jewett-Cameron Trd Down 10.93% To $5.05 After Earnings

Jewett-Cameron Trading Company Ltd (JCTCF) reported less than expected earnings this afternoon for Q2 2023.

Jewett-Cameron Trd's earnings came in at an EPS loss of $0.28 per share. The firm's earnings are down 450% since reporting $0.08 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $8.1 million. That revenue figure represents a 42.09% decrease from the year ago quarter.

The stock is down 10.93% to $5.05 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Trading in the five days leading up to the report earned Jewett-Cameron Trd a Neutral Sentiment Rank from InvestorsObserver.

Jewett-Cameron Trd has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Jewett-Cameron Trd in the bottom 25% of stocks. The firm set a 52-week low on October 6, 2022 at $4.85 and set a 52-week high on April 19, 2022 at $8.25.

Jewett-Cameron Trading Co Ltd through its subsidiaries engages in the wholesale distribution of a variety of specialty wood products. It has three operating segments. The Industrial wood products segment is engaged in the processing and distribution of industrial wood products. The Pet Fencing and Other segment, which is the key revenue driver, operates as a wholesaler of wood products and a manufacturer and distributor of specialty metal products. The Seed processing and sales segment processes and distributes agricultural seed and Corporate and administrative.