Overview

* Acadian Timber ( ACAZF ) Q3 revenue of C$23 mln missed analyst expectations

* EPS for Q3 was C$0.16, missing analyst expectations

* Company faced production and trucking constraints in Maine

Outlook

* Acadian expects stable sawlog demand in near term, but pricing may remain challenged

* Softwood and hardwood pulpwood demand and pricing expected to remain low in near term

* Carbon credit registration delayed, but marketability expected to improve

Result Drivers

* CONTRACTOR AVAILABILITY - Stable contractor availability in New Brunswick supported steady operations

* MAINE CONSTRAINTS - Production and trucking constraints in Maine affected timber sales volumes

* PRODUCT MIX IMPACT - Softwood sawlog prices increased due to higher value product mix, while hardwood sawlog prices decreased

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$23 mln C$26.30

Revenue mln (1

Analyst)

Q3 EPS Miss C$0.16 C$0.20

(1

Analyst)

Q3 Net C$2.9

Income mln

Q3 C$4.4

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the forest & wood products peer group is "buy"

* Wall Street's median 12-month price target for Acadian Timber Corp ( ACAZF ) is C$19.50, about 22.9% above its October 28 closing price of C$15.03

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)