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

Cargojet

01/05/2023 14:32

* Cargojet Inc  CJT.TO  reported quarterly adjusted earnings
of 97
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
C$1.03 per share.
    * Revenue fell 0.7% to C$231.90 million from a year ago;
analysts
expected C$236.37 million. 
    * Cargojet Inc's reported EPS for the quarter was C$1.67​.
    * The mean earnings estimate of analysts had fallen by
about 31.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cargojet Inc shares had fallen by 7.4% this quarter and
lost 12.4% so far this year.
    * The company reported quarterly net income of C$30.5
million.
    * Wall Street's median 12-month price target for Cargojet
Inc is
C$163.50 
    * 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 May
1 at 01:32 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.59           9.12           Beat