Surf Air Mobility (SRFM) to Release Earnings on Wednesday

Surf Air Mobility (NYSE:SRFM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 14th. Analysts expect Surf Air Mobility to post earnings of ($0.20) per share for the quarter. Surf Air Mobility has set its Q2 2024 guidance at EPS.

Surf Air Mobility (NYSE:SRFM) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The business had revenue of $30.62 million for the quarter, compared to the consensus estimate of $29.28 million. On average, analysts expect Surf Air Mobility to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Surf Air Mobility Stock Performance

NYSE:SRFM opened at $0.29 on Wednesday. Surf Air Mobility has a one year low of $0.22 and a one year high of $2.50. The firm has a market cap of $24.03 million and a price-to-earnings ratio of -0.05. The firm’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.64.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $0.40 price target (down from $3.62) on shares of Surf Air Mobility in a report on Tuesday, May 28th. Canaccord Genuity Group reiterated a “hold” rating and issued a $1.00 price objective (down previously from $2.50) on shares of Surf Air Mobility in a research report on Wednesday, May 15th. Finally, Canaccord Genuity Group downgraded shares of Surf Air Mobility from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $2.50 to $1.00 in a research report on Wednesday, May 15th.

Surf Air Mobility Company Profile

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.