Cormark Has Positive Outlook of Air Canada FY2024 Earnings

Air Canada (OTCMKTS:ACDVFFree Report) – Research analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for Air Canada in a note issued to investors on Monday, November 4th. Cormark analyst D. Ocampo now expects that the company will earn $2.60 per share for the year, up from their prior estimate of $1.95. The consensus estimate for Air Canada’s current full-year earnings is $1.69 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.

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

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Air Canada Stock Performance

OTCMKTS:ACDVF opened at $16.71 on Wednesday. The firm has a market capitalization of $5.99 billion, a PE ratio of 6.75 and a beta of 2.05. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 9.32. Air Canada has a 12-month low of $10.16 and a 12-month high of $17.09. The firm has a 50-day moving average price of $12.70 and a 200 day moving average price of $12.69.

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

Air Canada Company Profile

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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.

Further Reading

Earnings History and Estimates for Air Canada (OTCMKTS:ACDVF)

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