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

• Cargojet Inc CJT.TO reported quarterly adjusted earnings of C$1.62​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$1.86. The mean expectation of nine analysts for the quarter was for earnings of C$1.08 per share. Wall Street expected results to range from 89 cents to C$1.40 per share.

• Revenue rose 8.1% to C$249.90 million from a year ago; analysts expected C$258.65 million.

• Cargojet Inc's reported EPS for the quarter was C$2.87​.

• The company reported quarterly net income of C$48 million.

• Cargojet Inc shares had fallen by 9.4% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% 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 "buy" and the breakdown of recommendations is 9 "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$150.00

This summary was machine generated from LSEG data April 23 at 11:08 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)