Cargojet Inc reports results for the quarter ended in January 1 - Earnings Summary

Cargojet

05/11/2024 07:57

* Cargojet Inc  CJT.TO  reported quarterly adjusted earnings
of
$1.48​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 30
cents.  The mean expectation of nine analysts for the quarter
was for earnings of C$1.22 per share. Wall Street expected
results to range from 91 cents to C$1.87 per share.
    * Revenue rose 14.8% to C$245.60 million from a year ago;
analysts
expected C$248.01 million. 
    * Cargojet Inc's reported EPS for the quarter was $1.78​.
    * The company reported quarterly net income of C$29.7
million.
    * Cargojet Inc shares had risen by 0.5% this quarter and
gained 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 November 5 at
07:57 a.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
 Sep. 30 2024      1.22           1.48           Beat
 Jun. 30 2024      0.97           -0.05          Missed
 Mar. 31 2024      0.66           1.86           Beat
 Dec. 31 2023      0.81           -0.14          Missed