CAE Inc reports results for the quarter ended in March - Earnings Summary

Cae

31/05/2023 15:07

* CAE Inc  CAE.TO  reported quarterly adjusted earnings of
35
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 34 cents per share.
    * Revenue rose 31.6% to C$1.26 billion from a year ago;
analysts
expected C$1.20 billion. 
    * CAE Inc's reported EPS for the quarter was 31 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * CAE Inc shares had fallen by 2.1% this quarter and
gained 14.2%
so far this year.
    * The company reported quarterly net income of C$98.4
million.
    * Wall Street's median 12-month price target for CAE Inc is
C$37.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
31 at 02:06 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.35           Beat
 Dec. 31 2022      0.24           0.28           Beat
 Sep. 30 2022      0.17           0.19           Beat
 Jun. 30 2022      0.23           0.06           Missed