RFP Stock - Resolute Forest Products Inc.
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Financial Statements
| Metric | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|
| Revenue | $3.66B | $2.80B | $2.92B | $3.76B | $3.51B |
| Gross Profit | $1.41B | $790.00M | $725.00M | $1.21B | $939.00M |
| Gross Margin | 38.4% | 28.2% | 24.8% | 32.1% | 26.7% |
| Operating Income | $584.00M | $137.00M | $58.00M | $379.00M | $118.00M |
| Net Income | $307.00M | $10.00M | $-47,000,000 | $235.00M | $-78,000,000 |
| Net Margin | 8.4% | 0.4% | -1.6% | 6.3% | -2.2% |
| EPS | $3.87 | $0.12 | $-0.51 | $2.52 | $-0.86 |
Resolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products. The Tissue segment provides various tissue products, such as recycled and virgin paper products for the away-from-home and retail markets; and sells parent rolls. The Wood Products segment produces construction-grade and spruce-pine-fir lumber products, wood chips, bed frame components, finger joints, and furring strips for pulp and paper mills, as well as I-joists for the construction industry. The Paper segment offers newsprint to newspaper publishers, as well as to commercial printers for uses comprising inserts and flyers. This segment also provides various uncoated mechanical papers, including supercalendered and white papers, as well as uncoated freesheet papers. Its specialty papers are used in books, retail inserts, direct mail, coupons, magazines, catalogs, bags, and other commercial printing applications. This segment sells specialty papers to commercial printers, direct mailers, publishers, catalogers, and retailers. The company also produces electricity at cogeneration facilities and hydroelectric dams. Resolute Forest Products Inc. is headquartered in Montreal, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 27th 2023 | Scotiabank | Downgrade | Sector Underperform | $22.8← $22.4 |
| October 18th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $23 |
| June 23rd 2022 | TD Securities | Downgrade | Hold | $16 |
Earnings History & Surprises
RFPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2023 | May 3, 2023 | $0.50 | — | — | — |
Q1 2023 | Mar 2, 2023 | — | $0.48 | — | — |
Q4 2022 | Nov 3, 2022 | $0.86 | $1.08 | +25.6% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $1.64 | $2.00 | +22.0% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $1.93 | $2.26 | +17.1% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $0.78 | $0.48 | -38.5% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $0.71 | $0.84 | +18.3% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $3.39 | $3.74 | +10.3% | ✓ BEAT |
Q2 2021 | Apr 29, 2021 | $1.66 | $1.45 | -12.7% | ✗ MISS |
Q1 2021 | Feb 4, 2021 | $0.53 | $0.55 | +3.8% | ✓ BEAT |
Q4 2020 | Nov 5, 2020 | $0.77 | $0.72 | -6.5% | ✗ MISS |
Q3 2020 | Jul 30, 2020 | $-0.30 | $-0.25 | +16.7% | ✓ BEAT |
Q2 2020 | Apr 30, 2020 | $-0.36 | $-0.33 | +8.3% | ✓ BEAT |
Q1 2020 | Jan 30, 2020 | $-0.34 | $-0.59 | -73.5% | ✗ MISS |
Q4 2019 | Oct 31, 2019 | $-0.04 | $-0.37 | -873.7% | ✗ MISS |
Q3 2019 | Aug 1, 2019 | $0.14 | $0.12 | -14.3% | ✗ MISS |
Q2 2019 | Apr 30, 2019 | $0.33 | $0.32 | -3.0% | ✗ MISS |
Q1 2019 | Jan 31, 2019 | $0.51 | $0.04 | -92.2% | ✗ MISS |
Q4 2018 | Nov 1, 2018 | $0.71 | $1.03 | +45.1% | ✓ BEAT |
Q3 2018 | Aug 2, 2018 | $0.72 | $0.71 | -1.4% | ✗ MISS |
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