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

• Bombardier Inc BBDb.TO reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 29 cents to 87 cents per share.

• Revenue rose 18.8% to $1.52 billion from a year ago; analysts expected $1.56 billion.

• Bombardier Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $37 million.

• Bombardier Inc shares had risen by 12.5% this quarter and lost 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24.7% 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 12 "strong buy" or "buy," 3 "hold" and 1 "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 Bombardier Inc is C$108.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US 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)