MDA Space Ltd reports results for the quarter ended December 31 - Earnings Summary

• MDA Space Ltd MDA.TO reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of seven analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 19 cents to 21 cents per share.

• Revenue rose 69.1% to C$346.60 million from a year ago; analysts expected C$318.79 million.

• MDA Space Ltd's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of C$25.1 million.

• MDA Space Ltd shares had fallen by 22.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for MDA Space Ltd is C$32.00

This summary was machine generated from LSEG data March 7 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)