MDA Space Ltd reports results for the quarter ended June 30 - Earnings Summary

• MDA Space Ltd MDA reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of six analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 25 cents to 34 cents per share.

• Revenue rose 54.3% to C$373.30 million from a year ago; analysts expected C$370.48 million.

• MDA Space Ltd's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$27.2 million.

• MDA Space Ltd shares had risen by 31.5% this quarter and gained 56.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for MDA Space Ltd is C$53.00, about 12.9% above its last closing price of C$46.18

This summary was machine generated from LSEG data August 7 at 04:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)