Canada's Cargojet Q2 revenue beats estimates

Cargojet

10/08/2026 23:26

Overview
Canada air cargo operator's Q2 revenue rose 16%, beating analyst expectations
Adjusted EPS for Q2 missed analyst expectations, falling 34% yr/yr
Company says revenue growth driven by fleet strategy and customer partnerships; margin narrowed on higher fuel costs

Outlook
Cargojet did not provide specific guidance for the current quarter or full year in press release

Result Drivers
FLEET STRATEGY - Co said its 'One Fleet' approach enabled dynamic asset deployment and improved utilization
CUSTOMER PARTNERSHIPS - Co attributed revenue growth to strength of long-term customer relationships
FUEL COSTS - Adjusted EBITDA margin narrowed due to higher fuel prices, which were substantially recovered through fuel surcharges

Company press release: ID:nCNWl866Pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$275.80 mln
C$257.93 mln (10 Analysts)
Q2 Adjusted EPS
Miss
C$0.67
C$0.79 (11 Analysts)
Q2 EPS
 
C$0.47
 
Q2 Net Income
 
C$7 mln
 
Q2 Adjusted EBITDA
 
C$87.30 mln
 
Q2 Operating Cash Flow
 
C$96.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for Cargojet Inc is C$120.00, about 39.1% above its August 10 closing price of C$86.26
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Aug 10 - Pangaea Logistics Q2 adjusted EPS misses estimates 
Aug 10 - Estonia's Tallinna Sadam Q2 profit falls on higher fuel costs, ship repairs
Aug 10 - Surf Air Mobility Q2 revenue beats estimates on surf on demand growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)