Cargojet Inc reports results for the quarter ended June 30 - Earnings Summary

• Cargojet Inc CJT.TO reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of ten analysts for the quarter was for earnings of C$1.03 per share. Wall Street expected results to range from 78 cents to C$1.54 per share.

• Revenue rose 3.2% to C$238.20 million from a year ago; analysts expected C$246.94 million.

• Cargojet Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of C$3.2 million.

• Cargojet Inc shares had risen by 3.3% this quarter and lost 9.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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$140.50, about 29.7% above its last closing price of C$98.72

This summary was machine generated from LSEG data August 7 at 02:24 a.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)