MDA Space Ltd reports results for the quarter ended September 30 - Earnings Summary

MDA Space

15/11/2024 14:31

* MDA Space Ltd  MDA.TO  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended September 30, 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 15 cents per share. Wall Street
expected results to range from 10 cents to 24 cents per share.
    * Revenue rose 38% to $282.40 million from a year ago;
analysts
expected C$277.29 million. 
    * MDA Space Ltd's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of C$29.5
million.
    * MDA Space Ltd shares had risen by 48.7% this quarter and
gained 124.4% 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 6 "strong buy" or "buy," 2
"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$25.00 
This summary was machine generated from LSEG data November 15 at
02:30 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
 Sep. 30 2024      0.15           0.24           Beat
 Jun. 30 2024      0.10           0.09           Missed
 Mar. 31 2024      0.10           0.11           Beat
 Dec. 31 2023      0.06           0.13           Beat