Analysts Issue Forecasts for CVE:FLT FY2024 Earnings

Drone Delivery Canada Corp. (CVE:FLT) – Analysts at Ventum Cap Mkts cut their FY2024 earnings estimates for Drone Delivery Canada in a research report issued to clients and investors on Wednesday, November 6th. Ventum Cap Mkts analyst R. Goff now expects that the company will earn ($0.07) per share for the year, down from their previous estimate of ($0.06). Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Drone Delivery Canada’s current full-year earnings is ($0.01) per share. Ventum Cap Mkts also issued estimates for Drone Delivery Canada’s FY2025 earnings at ($0.02) EPS.

Drone Delivery Canada Trading Down 8.0 %

CVE FLT opened at C$0.12 on Monday. Drone Delivery Canada has a 12 month low of C$0.10 and a 12 month high of C$0.40. The company has a current ratio of 0.59, a quick ratio of 9.02 and a debt-to-equity ratio of 6.90. The firm has a market capitalization of C$51.63 million, a P/E ratio of -3.13 and a beta of 0.94. The business has a fifty day simple moving average of C$0.18 and a 200 day simple moving average of C$0.19.

Drone Delivery Canada (CVE:FLT) last announced its quarterly earnings results on Monday, August 26th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$0.04 million during the quarter. Drone Delivery Canada had a negative net margin of 28.94% and a negative return on equity of 238.20%.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.