Surf Air Mobility Inc reports results for the quarter ended June 30 - Earnings Summary

• Surf Air Mobility Inc SRFM.N reported a quarterly adjusted loss of $1.34​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-2.31. The mean expectation of two analysts for the quarter was for a loss of $1.09 per share.

• Revenue fell 15.2% to $27.43 million from a year ago; analysts expected $25.25 million.

• Surf Air Mobility Inc's reported EPS for the quarter was a loss of $1.34​.

• The company reported a quarterly loss of $28 million.

• Surf Air Mobility Inc shares had risen by 11.7% this quarter and lost 23.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.4% 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 1 "strong buy" or "buy," 1 "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 $7.50, about 45.1% above its last closing price of $4.12

This summary was machine generated from LSEG data August 12 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)