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

MDA Space

08/08/2024 15:22

* MDA Space Ltd  MDA.TO  reported quarterly adjusted
earnings of 9
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of six analysts for the quarter was
for earnings of 10 cents per share. Wall Street expected
results to range from 5 cents to 16 cents per share.
    * Revenue rose 23.5% to $242.00 million from a year ago;
analysts
expected C$220.53 million. 
    * MDA Space Ltd's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of C$11 million.
    * MDA Space Ltd shares had fallen by 11.6% this quarter and
gained 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
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 Space Ltd is
C$16.00 
This summary was machine generated from LSEG data August 8 at
02:22 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
 Jun. 30 2024      0.10           0.09           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