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

Cargojet

14/08/2023 14:32

* Cargojet Inc  CJT.TO  reported quarterly adjusted earnings
of 80
cents​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for earnings
of 95 cents per share.
    * Revenue fell 15% to C$209.70 million from a year ago;
analysts
expected C$229.91 million. 
    * Cargojet Inc's reported EPS for the quarter was C$1.68​.
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Cargojet Inc shares had fallen by 2.9% this quarter and
lost 19.7% so far this year.
    * The company reported quarterly net income of C$31.1
million.
    * Wall Street's median 12-month price target for Cargojet
Inc is
C$147.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 01:32 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.95           0.80           Missed
 Mar. 31 2023      1.03           0.97           Missed
 Dec. 31 2022      2.02           0.90           Missed
 Sep. 30 2022      1.74           4.77           Beat