Surf Air Mobility (SRFM) Set to Announce Earnings on Tuesday

Surf Air Mobility (NYSE:SRFM) is set to announce its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Surf Air Mobility has set its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Surf Air Mobility (NYSE:SRFM) last released its earnings results on Thursday, March 28th. The company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.00). The firm had revenue of $26.84 million during the quarter, compared to analysts’ expectations of $26.19 million. On average, analysts expect Surf Air Mobility to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Surf Air Mobility Price Performance

Shares of SRFM stock opened at $0.46 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a 50 day moving average price of $0.77 and a 200 day moving average price of $1.00. Surf Air Mobility has a 52-week low of $0.38 and a 52-week high of $5.00.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on shares of Surf Air Mobility from $3.00 to $2.50 and set a “buy” rating for the company in a report on Monday, April 1st.

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.