CAE Inc expected to post earnings of 26 cents a share - Earnings Preview

Cae

24/05/2024 21:02

* CAE Inc  CAE.TO   is expected to show a rise in quarterly
revenue when it reports  results on May 27 for the period ending
June 30 2024
    * The Saint-laurent Quebec-based  company is expected to
report a
3.2% increase in revenue to $1.088 billion from $1.05 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CAE Inc is for earnings
of 26
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for CAE Inc is
C$31.00​, above​ its last closing price of C$25.80. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.42        0.42       0.37      Missed  -10.9
 Dec. 31 2024  0.25        0.26       0.24      Missed  -5.9
 Sep. 30 2023  0.20        0.20       0.27      Beat    32.8​
 Jun. 30 2023  0.20        0.21       0.24      Beat    15.8
 ​​Mar.        0.35        0.34       0.35      Beat    3.2
 31 2023                                                
 Dec. 31 2022  0.25        0.24       0.28      Beat    14.7​
 Sep. 30 2022  0.16        0.17       0.19      Beat    11.2
 Jun. 30 2022  0.23        0.23       0.06      Missed  -73.3
 This summary was machine generated May 24 at 20:02 GMT.  All
figures in Canadian dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)