- Cargojet’s adjusted earnings per share (EPS) for the fourth quarter is C$1.71, surpassing the estimated C$1.59.
- The reported EPS for the quarter is C$4.28.
- Cargojet’s revenue for the fourth quarter totals C$293.2 million, exceeding the projected C$273.6 million.
- The company’s adjusted EBITDA is recorded at C$91.7 million, higher than the expected C$90.4 million.
- Block hours flown by Cargojet increased by 16% during the fourth quarter.
- This growth in block hours led to enhanced aircraft fleet utilization and asset use, contributing to a strong performance for both the quarter and the full year.
- The company’s stock has strong market interest with 9 buy ratings, 2 hold ratings, and no sell ratings.
A look at Cargojet Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cargojet has a mixed long-term outlook. The company scored a solid 3 in Value, indicating that it may be priced fairly in the market. However, its scores in Dividend, Growth, Resilience, and Momentum fall at around 2-3, suggesting that there might be room for improvement in these areas. Cargojet, Inc. operates air cargo transportation services, primarily focusing on freight transportation in Canada, Bermuda, and Poland.
While Cargojet shows stability and some momentum, there are areas where the company could enhance its performance to attract more investors. Investors may consider monitoring how Cargojet improves its dividend payouts, sustains growth, strengthens its resilience, and increases its momentum in the coming years to potentially enhance its overall outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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