Cargojet Inc expected to post earnings of 69 cents a share - Earnings Preview

Cargojet

26/04/2024 14:18

* Cargojet Inc  CJT.TO   is expected to show a rise in
quarterly
revenue when it reports  results on April 29 for the period
ending March 31 2024
    * The Mississauga Ontario-based  company is expected to
report a
0.4% increase in revenue to C$232.845 million from C$231.9
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cargojet Inc is for
earnings
of 69 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Cargojet
Inc is
C$149.00​, above​ its last closing price of C$117.40. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.78        0.81       -0.14     Missed  -117.3
 Sep. 30 2023  0.67        0.73       0.30      Missed  -59
 Jun. 30 2023  0.90        0.93       0.80      Missed  -13.9​
 Mar. 31 2023  1.01        1.03       0.97      Missed  -5.9
 ​​Dec.        2.08        2.02       0.90      Missed  -55.4
 31 2022                                                
 Sep. 30 2022  1.64        1.74       4.77      Beat    174.3​
 Jun. 30 2022  1.59        1.59       9.12      Beat    472.9
 Mar. 31 2022  1.27        1.46       -3.26     Missed  -323.3
 This summary was machine generated April 26 at 13:17 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)