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

• CAE Inc CAE.TO reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of nine analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 19 cents to 23 cents per share.

• Revenue rose 2.4% to C$1.10 billion from a year ago; analysts expected C$1.14 billion.

• CAE Inc's reported EPS for the quarter was 18 cents​.

• CAE Inc shares had fallen by 0.7% this quarter and gained 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "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 CAE Inc is C$42.00, about 2.9% above its last closing price of C$40.80

This summary was machine generated from LSEG data August 12 at 09:36 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)