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

• MDA Space Ltd MDA.TO reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of seven analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 19 cents to 28 cents per share.

• Revenue rose 67.9% to C$351.00 million from a year ago; analysts expected C$325.19 million.

• MDA Space Ltd's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of C$32.9 million.

• MDA Space Ltd shares had fallen by 10.4% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 27.8% 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," 1 "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$35.00

This summary was machine generated from LSEG data May 8 at 01:31 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)