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

Draganfly

13/08/2024 23:32

* Draganfly Inc  DPRO.CD  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -16
cents.  The lone analyst forecast for the quarter was for a loss
of 7 cents per share. 
    * Revenue fell 8.7% to C$1.73 million from a year ago;
analysts
expected C$2.83 million. 
    * Draganfly Inc shares had fallen by 43.9% this quarter and
lost 71.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Draganfly Inc is
C$1.00 
This summary was machine generated from LSEG data August 13 at
10:32 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
 Jun. 30 2024      -0.07          -0.10          Missed
 Mar. 31 2024      -0.08          -0.03          Beat
 Dec. 31 2023      -0.13          -0.10          Beat
 Sep. 30 2023      -0.15          -0.13          Beat