Surf Air Mobility (SRFM) Set to Announce Earnings on Thursday

Surf Air Mobility (NYSE:SRFMGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Surf Air Mobility to post earnings of ($1.05) per share for the quarter. Surf Air Mobility has set its Q3 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Surf Air Mobility (NYSE:SRFMGet Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.56). The firm had revenue of $32.37 million during the quarter, compared to analysts’ expectations of $30.15 million. On average, analysts expect Surf Air Mobility to post $-7 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Surf Air Mobility Stock Performance

NYSE:SRFM opened at $1.82 on Thursday. The business’s fifty day moving average is $1.60 and its 200 day moving average is $2.14. The firm has a market cap of $23.29 million, a price-to-earnings ratio of -0.07 and a beta of 0.93. Surf Air Mobility has a 52-week low of $0.90 and a 52-week high of $11.83.

Insider Buying and Selling at Surf Air Mobility

In other Surf Air Mobility news, major shareholder Palantir Technologies Inc. bought 1,270,869 shares of Surf Air Mobility stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $1,588,586.25. Following the completion of the transaction, the insider now directly owns 2,730,166 shares in the company, valued at $3,412,707.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 36,551 shares of company stock valued at $48,344 in the last three months. Company insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on Surf Air Mobility from $1.00 to $2.20 and gave the company a “hold” rating in a research report on Tuesday, August 27th.

Get Our Latest Analysis on Surf Air Mobility

About Surf Air Mobility

(Get Free Report)

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.

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Earnings History for Surf Air Mobility (NYSE:SRFM)

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