Air Canada reports results for the quarter ended September 30 - Earnings Summary

• Air Canada AC.TO reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 24 cents to 70 cents per share.

• Revenue rose 21% to C$6.98 billion from a year ago; analysts expected C$6.88 billion.

• Air Canada's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of C$146 million.

• Air Canada shares had fallen by 19.2% this quarter and gained 13.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 47.3% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and 1 "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 Air Canada is C$34.00, about 35.7% above its last closing price of C$21.87

This summary was machine generated from LSEG data October 29 at 11:35 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)