What is KeyCorp’s Forecast for FLY Q2 Earnings?

Firefly Aerospace, Inc. (NASDAQ:FLY) – Equities researchers at KeyCorp issued their Q2 2026 earnings estimates for shares of Firefly Aerospace in a report issued on Sunday, June 14th. KeyCorp analyst M. Leshock anticipates that the company will post earnings of ($0.51) per share for the quarter. KeyCorp has a “Overweight” rating and a $50.00 price objective on the stock. The consensus estimate for Firefly Aerospace’s current full-year earnings is ($1.95) per share. KeyCorp also issued estimates for Firefly Aerospace’s Q3 2026 earnings at ($0.54) EPS.

Several other brokerages have also recently commented on FLY. Weiss Ratings cut shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Roth Mkm boosted their price target on shares of Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. The Goldman Sachs Group boosted their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $52.00 price target on shares of Firefly Aerospace in a research note on Tuesday, June 2nd. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Firefly Aerospace Stock Up 4.7%

Shares of FLY stock opened at $33.36 on Tuesday. The stock has a market cap of $5.35 billion and a P/E ratio of -4.09. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $39.78 and its two-hundred day simple moving average is $29.35.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.04. The business had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($5.09) EPS.

Insider Buying and Selling at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the sale, the general counsel directly owned 142,758 shares in the company, valued at $6,441,240.96. The trade was a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Firefly Aerospace

Several hedge funds have recently added to or reduced their stakes in FLY. JPMorgan Chase & Co. bought a new position in Firefly Aerospace during the 3rd quarter valued at about $19,471,000. Vanguard Group Inc. bought a new position in Firefly Aerospace during the 3rd quarter valued at about $53,409,000. AE Industrial Partners LP bought a new position in Firefly Aerospace during the 3rd quarter valued at about $1,063,863,000. TD Asset Management Inc bought a new position in Firefly Aerospace during the 3rd quarter valued at about $4,353,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Firefly Aerospace during the 3rd quarter valued at about $633,000.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.