Surf Air Mobility Inc reports results for the quarter ended March 31 - Earnings Summary

• Surf Air Mobility Inc SRFM.N reported a quarterly adjusted loss of $1.09​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-3.36. The mean expectation of two analysts for the quarter was for a loss of $1.07 per share. Wall Street expected results to range from $-1.44 to -71 cents per share.

• Revenue fell 23.2% to $23.51 million from a year ago; analysts expected $23.87 million.

• Surf Air Mobility Inc's reported EPS for the quarter was a loss of $1.09​.

• The company reported a quarterly loss of $18.47 million.

• Surf Air Mobility Inc shares had risen by 2.6% this quarter and lost 49.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Surf Air Mobility Inc is $7.63

This summary was machine generated from LSEG data May 13 at 09:01 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)