Q2 EPS Forecast for First Phosphate Decreased by Analyst

First Phosphate (NASDAQ:PHOS) – Noble Financial cut their Q2 2027 earnings per share estimates for First Phosphate in a research note issued to investors on Monday, October 19th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of ($0.06) for the quarter, down from their prior forecast of ($0.03). Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for First Phosphate’s current full-year earnings is ($0.13) per share. Noble Financial also issued estimates for First Phosphate’s FY2027 earnings at ($0.16) EPS.

PHOS has been the subject of a number of other reports. Weiss Ratings started coverage on shares of First Phosphate in a report on Wednesday, September 16th. They issued a “sell (e+)” rating for the company. Zacks Research upgraded shares of First Phosphate to a “hold” rating in a report on Friday, September 18th. Finally, Wall Street Zen upgraded shares of First Phosphate to a “hold” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

First Phosphate Stock Performance

PHOS opened at $12.56 on Wednesday. First Phosphate has a 1 year low of $11.81 and a 1 year high of $21.30.

About First Phosphate

First Phosphate Corp. is a Canadian mineral development company focused on advancing phosphate resources in Quebec, Canada. The company is working to develop an integrated supply chain for lithium iron phosphate (LFP) battery materials, which are used in certain lithium-ion batteries for electric vehicles, energy storage systems and other applications.

First Phosphate’s activities include the exploration and development of phosphate properties in the Saguenay–Lac-Saint-Jean region of Quebec, including its Bégin-Lamarche project.