Desjardins Has Negative Forecast for MDA Space Q1 Earnings

MDA Space Ltd. (TSE:MDA) – Stock analysts at Desjardins cut their Q1 2025 earnings per share (EPS) estimates for MDA Space in a report released on Tuesday, April 1st. Desjardins analyst B. Poirier now expects that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.32. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space’s Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.47 EPS and FY2027 earnings at $1.69 EPS.

Several other equities research analysts have also recently issued reports on the stock. Scotiabank raised their price target on shares of MDA Space from C$28.50 to C$34.00 in a research note on Monday, March 10th. Canaccord Genuity Group raised their target price on shares of MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Citigroup lifted their target price on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Finally, Cormark raised their price objective on MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$31.43.

MDA Space Stock Up 4.3 %

MDA opened at C$27.63 on Thursday. The business’s fifty day simple moving average is C$25.54 and its 200 day simple moving average is C$24.81. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. The firm has a market cap of C$3.37 billion, a P/E ratio of 49.11 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94.

About MDA Space

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.