Bombardier (BDRBF) Expected to Announce Quarterly Earnings on Thursday

Bombardier (OTCMKTS:BDRBF) will likely be issuing its results before the market opens on Thursday, July 30th. Analysts expect Bombardier to post earnings of $1.33 per share and revenue of $2.1283 billion for the quarter.

Bombardier (OTCMKTS:BDRBF) last released its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.91. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.64 billion. On average, analysts expect Bombardier to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Bombardier Stock Performance

Bombardier stock opened at $262.20 on Wednesday. The firm has a market cap of $25.87 billion and a price-to-earnings ratio of 39.67. Bombardier has a 52-week low of $103.87 and a 52-week high of $269.94. The firm has a 50 day moving average price of $229.30 and a two-hundred day moving average price of $201.72.

Wall Street Analyst Weigh In

BDRBF has been the subject of several recent analyst reports. TD Securities reiterated a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. National Bank Financial reiterated a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. Finally, Desjardins reissued a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.