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

• Cargojet Inc CJT.TO reported quarterly adjusted earnings of C$1.71​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of nine analysts for the quarter was for earnings of C$1.62 per share. Wall Street expected results to range from C$1.26 to C$1.90 per share.

• Revenue rose 32.1% to C$293.20 million from a year ago; analysts expected C$274.09 million.

• Cargojet Inc's reported EPS for the quarter was C$4.82​.

• The company reported quarterly net income of C$71.2 million.

• Cargojet Inc shares had risen by 0.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy"

Wall Street's median 12-month price target for Cargojet Inc is C$165.00

This summary was machine generated from LSEG data February 17 at 10:01 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)