Global Crossing Airlines Group (JETMF) to Release Quarterly Earnings on Wednesday

Global Crossing Airlines Group (OTCMKTS:JETMF) is expected to be releasing its resultson Wednesday, August 12th. Analysts expect the company to post earnings of $0.0055 per share and revenue of $67.1140 million for the quarter.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $76.57 million for the quarter, compared to analyst estimates of $60.53 million. On average, analysts expect Global Crossing Airlines Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Crossing Airlines Group Price Performance

OTCMKTS JETMF opened at $0.61 on Wednesday. The company has a market capitalization of $40.79 million, a P/E ratio of -61.04 and a beta of 1.00. Global Crossing Airlines Group has a 12 month low of $0.38 and a 12 month high of $0.87. The company’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Litchfield Hills Research began coverage on Global Crossing Airlines Group in a research note on Monday, June 22nd. They issued a “buy” rating on the stock. Zacks Research raised Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Global Crossing Airlines Group presently has a consensus rating of “Moderate Buy”.

About Global Crossing Airlines Group

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.