What is Clarus Securities’ Forecast for TSE:FAR Q2 Earnings?

Foraco International SA (TSE:FAR) – Clarus Securities reduced their Q2 2025 earnings per share estimates for Foraco International in a research note issued on Wednesday, February 19th. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Foraco International’s current full-year earnings is $0.60 per share. Clarus Securities also issued estimates for Foraco International’s FY2025 earnings at $0.40 EPS.

Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the company a “buy” rating in a report on Tuesday, December 3rd.

Foraco International Price Performance

Shares of TSE:FAR opened at C$2.03 on Friday. Foraco International has a twelve month low of C$1.83 and a twelve month high of C$3.27. The company has a current ratio of 1.43, a quick ratio of 0.88 and a debt-to-equity ratio of 115.59. The company has a market cap of C$142.45 million, a PE ratio of 5.27 and a beta of 1.25. The company’s 50 day moving average is C$2.30 and its 200 day moving average is C$2.26.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration.