CAE Inc reports results for the quarter ended December 31 - Earnings Summary

• CAE Inc CAE.TO reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of twelve analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 26 cents to 32 cents per share.

• Revenue rose 11.8% to C$1.22 billion from a year ago; analysts expected C$1.17 billion.

• CAE Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of C$168.6 million.

• CAE Inc shares had fallen by 7.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "hold"

Wall Street's median 12-month price target for CAE Inc is C$36.00

This summary was machine generated from LSEG data February 14 at 12:23 a.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)