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

Cargojet

26/02/2024 14:31

* Cargojet Inc  CJT.TO  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 90
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 81 cents per share. Wall Street expected
results to range from 48 cents to C$1.15 per share.
    * Revenue fell 16.9% to C$221.90 million from a year ago;
analysts
expected C$248.29 million. 
    * Cargojet Inc's reported EPS for the quarter was a loss of
C$2.04​.
    * The company reported a quarterly loss of C$34.9 million.
    * Cargojet Inc shares had fallen by 1.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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$147.50 
This summary was machine generated from LSEG data February 26 at
02:30 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 2023      0.81           -0.14          Missed
 Sep. 30 2023      0.73           0.30           Missed
 Jun. 30 2023      0.93           0.80           Missed
 Mar. 31 2023      1.03           0.97           Missed