Cargojet Inc reports results for the quarter ended March 31 - Earnings Summary

Cargojet

24/04/2025 24:09

Cargojet Inc CJT.TO reported quarterly adjusted earnings of C$1.62​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$1.86.  The mean expectation of nine analysts for the quarter was for earnings of C$1.08 per share. Wall Street expected results to range from 89 cents to C$1.40 per share.

Revenue rose 8.1% to C$249.90 million from a year ago; analysts expected C$258.65 million.

Cargojet Inc's reported EPS for the quarter was C$2.87​.

The company reported quarterly net income of C$48 million.

Cargojet Inc shares had fallen by 9.4% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 18.2% 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$150.00

This summary was machine generated from LSEG data April 23 at 11:08 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
Mar. 31 2025
1.08
1.62
Beat
Dec. 31 2024
1.62
1.71
Beat
Sep. 30 2024
1.22
1.48
Beat
Jun. 30 2024
0.97
-0.05
Missed