Surf Air Mobility (SRFM) to Release Quarterly Earnings on Thursday

Surf Air Mobility (NYSE:SRFM) is scheduled to be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Surf Air Mobility to post earnings of ($1.05) per share for the quarter. Surf Air Mobility has set its Q3 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Surf Air Mobility (NYSE:SRFM) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.56). The business had revenue of $32.37 million for the quarter, compared to analysts’ expectations of $30.15 million. On average, analysts expect Surf Air Mobility to post $-7 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Surf Air Mobility Trading Down 3.3 %

Shares of Surf Air Mobility stock opened at $2.08 on Tuesday. The stock has a market capitalization of $26.69 million, a price-to-earnings ratio of -0.10 and a beta of 0.93. Surf Air Mobility has a 1-year low of $0.90 and a 1-year high of $11.83. The firm’s 50-day moving average price is $1.63 and its two-hundred day moving average price is $2.11.

Insider Activity

In related news, major shareholder Palantir Technologies Inc. purchased 1,270,869 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $1.25 per share, with a total value of $1,588,586.25. Following the completion of the purchase, the insider now directly owns 2,730,166 shares of the company’s stock, valued at $3,412,707.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 36,551 shares of company stock valued at $48,344 over the last three months. 8.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price objective on shares of Surf Air Mobility from $1.00 to $2.20 and gave the stock a “hold” rating in a research note on Tuesday, August 27th.

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.