Cargojet Inc expected to post earnings of 81 cents a share - Earnings Preview

Cargojet

23/02/2024 14:37

* Cargojet Inc  CJT.TO   is expected to show a fall in
quarterly
revenue when it reports  results on February 26 for the period
ending December 31 2023
    * The Mississauga Ontario-based  company is expected to
report a
7.0% decrease in revenue to C$248.292 million from C$267 million
a year ago, according to the mean estimate from 12 analysts,
based on LSEG data. (TOTAL REVENUE)
    * ​LSEG's mean analyst estimate for Cargojet Inc is for
earnings
of 81 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cargojet
Inc is
C$147.50​, above​ its last closing price of C$119.54. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  2.08        2.02       0.90      Missed  -55.4
 ​​Sep.        1.64        1.74       4.77      Beat    174.3
 30 2022                                                
 Jun. 30 2022  1.59        1.59       9.12      Beat    472.9​
 Mar. 31 2022  1.27        1.46       -3.26     Missed  -323.3
 Dec. 31 2021  1.87        1.76       5.78      Beat    228.9
 This summary was machine generated February 23 at 14:37 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)