What is Cormark’s Forecast for Air Canada FY2024 Earnings?

Air Canada (OTCMKTS:ACDVF) – Stock analysts at Cormark boosted their FY2024 EPS estimates for Air Canada in a research report issued on Monday, November 4th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $2.60 for the year, up from their previous forecast of $1.95. The consensus estimate for Air Canada’s current full-year earnings is $1.65 per share. Cormark also issued estimates for Air Canada’s Q4 2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.01 EPS, Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $3.03 EPS.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.72. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 133.91%.

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday.

Air Canada Trading Up 3.9 %

Air Canada stock opened at $16.62 on Wednesday. The firm has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $12.66. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.85 and a quick ratio of 0.81. The stock has a market capitalization of $5.96 billion, a PE ratio of 3.43 and a beta of 2.05. Air Canada has a 12-month low of $10.16 and a 12-month high of $16.65.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.