Research Analysts Offer Predictions for Counsel Co.’s Q2 2018 Earnings (SCB)

Counsel Co. (TSE:SCB) – Stock analysts at National Bank Financial dropped their Q2 2018 earnings per share estimates for shares of Counsel in a research note issued on Monday, May 14th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. National Bank Financial has a “Sector Perform” rating and a $0.90 price objective on the stock. National Bank Financial also issued estimates for Counsel’s Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS and FY2019 earnings at $0.15 EPS.

Counsel (TSE:SCB) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.03). Counsel had a return on equity of 11.13% and a net margin of 7.60%. The business had revenue of C$14.13 million during the quarter, compared to analysts’ expectations of C$17.20 million.

Separately, Raymond James reduced their target price on Counsel from C$1.10 to C$0.95 and set a “market perform” rating on the stock in a research note on Tuesday.

Shares of SCB stock opened at C$0.79 on Wednesday. Counsel has a 52-week low of C$0.60 and a 52-week high of C$1.51.

About Counsel

Street Capital Group Inc, a financial services company, through its subsidiaries, primarily engages in the mortgage lending business in Canada. It provides a broad lineup of high ratio and conventional mortgages to borrowers, as well as sells the mortgages. The company offers residential mortgage loans primarily through its network of independent mortgage brokers.

Earnings History and Estimates for Counsel (TSE:SCB)

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