MDA Ltd reports results for the quarter ended in March - Earnings Summary

MDA Space

09/05/2024 14:32

* MDA Ltd  MDA.TO  reported quarterly adjusted earnings of
11
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from 6 cents to 14 cents per share.
    * Revenue rose 3.6% to C$209.10 million from a year ago;
analysts
expected $212.23 million. 
    * MDA Ltd's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of C$13.8
million.
    * MDA Ltd shares had risen by 1.2% this quarter and
gained 29.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 4 "strong buy" or "buy," 3
"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 MDA Ltd is
C$16.00 
This summary was machine generated from LSEG data May 9 at 01:31
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
 Mar. 31 2024      0.10           0.11           Beat
 Dec. 31 2023      0.06           0.13           Beat
 Sep. 30 2023      0.06           0.08           Beat
 Jun. 30 2023      0.07           0.08           Beat