Cargojet Inc reports results for the quarter ended December 31 - Earnings Summary

Cargojet

17/02/2025 22:01

* Cargojet Inc  CJT.TO  reported quarterly adjusted earnings
of
C$1.71​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of -14 cents.  The mean expectation of nine analysts for the
quarter was for earnings of C$1.62 per share. Wall Street
expected results to range from C$1.26  to C$1.90 per share.
    * Revenue rose 32.1% to C$293.20 million from a year ago;
analysts
expected C$274.09 million. 
    * Cargojet Inc's reported EPS for the quarter was C$4.82​.
    * The company reported quarterly net income of C$71.2
million.
    * Cargojet Inc shares had risen by 0.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the courier,
postal,
air freight & land-based logistics peer group is also "buy"

Wall Street's median 12-month price target for Cargojet Inc is
C$165.00 
This summary was machine generated from LSEG data February 17 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.62           1.71           Beat
 Sep. 30 2024      1.22           1.48           Beat
 Jun. 30 2024      0.97           -0.05          Missed
 Mar. 31 2024      0.66           1.86           Beat