Air Canada reports results for the quarter ended December 31 - Earnings Summary

• Air Canada AC.TO reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from -1 cents to 74 cents per share.

• Revenue rose 4.4% to C$5.40 billion from a year ago; analysts expected C$5.13 billion.

• Air Canada's reported EPS for the quarter was a loss of C$1.81​.

• The company reported a quarterly loss of C$644 million.

• Air Canada shares had fallen by 18.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 17.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the airlines peer group is also "buy"

Wall Street's median 12-month price target for Air Canada is C$27.00

This summary was machine generated from LSEG data February 14 at 02:31 p.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)