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

Cargojet

14/08/2024 24:49

* Cargojet Inc  CJT.TO  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 80
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 97 cents per share. Wall Street expected
results to range from 75 cents to C$1.54 per share.
    * Revenue rose 10.1% to C$230.80 million from a year ago;
analysts
expected $234.65 million. 
    * Cargojet Inc's reported EPS for the quarter was a loss of
C$1.53​.
    * The company reported a quarterly loss of C$25 million.
    * Cargojet Inc shares had fallen by 15.7% this quarter and
lost 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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$160.00 
This summary was machine generated from LSEG data August 13 at
11:49 p.m. UTC. ​All figures in US 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
 Jun. 30 2024      0.97           -0.05          Missed
 Mar. 31 2024      0.66           1.86           Beat
 Dec. 31 2023      0.81           -0.14          Missed
 Sep. 30 2023      0.73           0.30           Missed