HC Wainwright Issues Optimistic Estimate for SRFM Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Research analysts at HC Wainwright boosted their Q3 2026 earnings per share (EPS) estimates for shares of Surf Air Mobility in a research note issued to investors on Tuesday, August 11th. HC Wainwright analyst A. Dayal now expects that the company will post earnings of ($0.11) per share for the quarter, up from their prior forecast of ($0.14). HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.66) per share. HC Wainwright also issued estimates for Surf Air Mobility’s Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.69) EPS, FY2027 earnings at ($0.40) EPS, FY2028 earnings at ($0.09) EPS and FY2030 earnings at $0.66 EPS.

SRFM has been the topic of a number of other reports. Alliance Global Partners began coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 target price on the stock. Weiss Ratings downgraded shares of Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Northland Securities initiated coverage on shares of Surf Air Mobility in a research note on Thursday, May 7th. They issued an “outperform” rating and a $5.00 price objective on the stock. Wall Street Zen upgraded shares of Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Canaccord Genuity Group set a $1.50 target price on shares of Surf Air Mobility in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.08.

Surf Air Mobility Stock Performance

Shares of NYSE:SRFM opened at $0.78 on Thursday. Surf Air Mobility has a 52-week low of $0.67 and a 52-week high of $6.17. The business’s 50 day simple moving average is $0.92 and its two-hundred day simple moving average is $1.32. The firm has a market cap of $95.97 million, a P/E ratio of -0.49 and a beta of 2.83.

Hedge Funds Weigh In On Surf Air Mobility

A number of institutional investors have recently made changes to their positions in SRFM. Geode Capital Management LLC raised its position in Surf Air Mobility by 14.6% during the second quarter. Geode Capital Management LLC now owns 127,602 shares of the company’s stock valued at $471,000 after purchasing an additional 16,273 shares in the last quarter. HRT Financial LP bought a new stake in Surf Air Mobility in the 2nd quarter worth approximately $2,212,000. Tower Research Capital LLC TRC boosted its stake in Surf Air Mobility by 1,235.8% in the second quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company’s stock worth $70,000 after buying an additional 17,586 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Surf Air Mobility by 669.8% during the second quarter. Osaic Holdings Inc. now owns 17,244 shares of the company’s stock worth $64,000 after acquiring an additional 15,004 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Surf Air Mobility by 18,757.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock worth $28,000 after acquiring an additional 6,565 shares during the last quarter. Institutional investors own 17.68% of the company’s stock.

Key Surf Air Mobility News

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities raised its earnings forecasts across multiple periods. The firm improved its FY2026 EPS estimate to $(0.71) from $(0.80), FY2027 to $(0.53) from $(0.65), and FY2028 to $(0.48) from $(0.58). It also raised estimates for several 2026 and 2027 quarters. Northland maintained an “Outperform” rating and a $5.00 price target, substantially above SRFM’s recent sub-$1 trading level. Northland Securities estimates
• Positive Sentiment: Second-quarter results improved the company’s forward outlook. Stonegate Capital Partners said revenue reached the high end of guidance despite elevated fuel costs and weather-related disruption in Hawaii. The first SurfOS enterprise contract also advanced commercialization efforts for Surf Air’s operating-system technology. Stonegate Capital Partners coverage update
• Positive Sentiment: HC Wainwright improved its near-term outlook and retained a “Buy” rating. The firm raised its Q3 2026 EPS estimate to $(0.11) from $(0.14) and Q4 2026 to $(0.08) from $(0.09), suggesting losses may narrow faster than previously expected. HC Wainwright estimates
• Neutral Sentiment: Surf Air completed a second tranche of secured financing. The transaction provides additional capital for operations and commercialization, but secured debt increases financial obligations for a company with a market capitalization of roughly $96 million and a negative P/E ratio. Surf Air secured financing
• Negative Sentiment: Longer-term analyst forecasts were mixed. HC Wainwright cut FY2026 EPS to $(0.69) from $(0.59), FY2028 to $(0.09) from $(0.02), FY2029 to $0.28 from $0.40 and FY2030 to $0.66 from $0.90. These reductions temper the bullish impact of the near-term estimate increases.

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.