Brokers Set Expectations for CVE:FLT Q1 Earnings

Drone Delivery Canada Corp. (CVE:FLT) – Equities researchers at Ventum Cap Mkts issued their Q1 2025 EPS estimates for shares of Drone Delivery Canada in a research report issued on Wednesday, March 26th. Ventum Cap Mkts analyst R. Goff expects that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Drone Delivery Canada’s current full-year earnings is ($0.01) per share.

Separately, Ventum Financial lowered their price target on Drone Delivery Canada from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday.

Drone Delivery Canada Stock Performance

Shares of Drone Delivery Canada stock opened at C$0.18 on Thursday. The stock’s fifty day simple moving average is C$0.18 and its 200 day simple moving average is C$0.17. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. The company has a market capitalization of C$80.24 million, a PE ratio of -3.55 and a beta of 0.94. Drone Delivery Canada has a 12 month low of C$0.10 and a 12 month high of C$0.38.

About Drone Delivery Canada

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.