Scotiabank Issues Pessimistic Outlook for MDA Space Earnings

MDA Space Ltd. (NYSE:MDA) – Equities researchers at Scotiabank reduced their FY2026 EPS estimates for MDA Space in a research note issued on Friday, June 26th. Scotiabank analyst K. Gupta now anticipates that the company will earn $0.97 per share for the year, down from their previous forecast of $1.03. Scotiabank currently has a “Outperform” rating on the stock. Scotiabank also issued estimates for MDA Space’s FY2027 earnings at $1.11 EPS.

MDA Space (NYSE:MDA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05.

MDA has been the topic of a number of other reports. ATB Cormark Capital Markets cut shares of MDA Space from a “moderate buy” rating to a “hold” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada raised their price target on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of MDA Space from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

MDA Space Stock Down 4.3%

NYSE MDA opened at $39.52 on Thursday. MDA Space has a one year low of $23.23 and a one year high of $49.37. The business’s fifty day simple moving average is $38.06. The company has a market cap of $5.49 billion and a PE ratio of 141.14.

MDA Space Company Profile

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.