Cascades Earnings Estimate

CAS Stock  CAD 12.61  0.05  0.40%   
By analyzing Cascades' earnings estimates, investors can diagnose different trends across Cascades' analyst sentiment over time as well as compare current EPS estimates against different timeframes. Please be aware that the consensus of earnings estimates for Cascades is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Cascades is projected to generate 0.15085 in earnings per share on the 31st of December 2024. Cascades earnings estimates show analyst consensus about projected Cascades EPS (Earning Per Share). It derives the highest and the lowest estimates based on Cascades' historical volatility. Many public companies, such as Cascades, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Cascades' earnings estimates, investors can diagnose different trends across Cascades' analyst sentiment over time as well as compare current estimates against different timeframes. As of the 5th of December 2024, Gross Profit is likely to grow to about 1.7 B, though Pretax Profit Margin is likely to grow to (0.01).
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cascades. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cascades Earnings per Share Projection vs Actual

About Cascades Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Cascades earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Cascades estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Cascades fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
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Last ReportedProjected for Next Year
Retained Earnings1.1 B788.5 M
Earnings Yield(0.06)(0.06)
Price Earnings Ratio(16.55)(15.72)
Price Earnings To Growth Ratio(0.04)(0.04)

Pair Trading with Cascades

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cascades position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cascades will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cascades Stock

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Moving against Cascades Stock

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The ability to find closely correlated positions to Cascades could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cascades when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cascades - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cascades to buy it.
The correlation of Cascades is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cascades moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cascades moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cascades can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Cascades Stock

Cascades financial ratios help investors to determine whether Cascades Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cascades with respect to the benefits of owning Cascades security.