HC Wainwright Has Negative Estimate for SRFM FY2026 Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Equities researchers at HC Wainwright reduced their FY2026 earnings estimates for shares of Surf Air Mobility in a research report issued on Monday, November 9th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of ($0.74) per share for the year, down from their previous estimate of ($0.67). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.68) per share. HC Wainwright also issued estimates for Surf Air Mobility’s Q4 2026 earnings at ($0.09) EPS, FY2027 earnings at ($0.34) EPS, FY2028 earnings at ($0.05) EPS and FY2029 earnings at $0.29 EPS.

SRFM has been the subject of several other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Surf Air Mobility in a research report on Thursday, October 22nd. Canaccord Genuity Group cut their target price on shares of Surf Air Mobility from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Monday, August 17th. Finally, Wall Street Zen raised shares of Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.92.

Surf Air Mobility Stock Performance

NYSE SRFM opened at $0.74 on Wednesday. The stock has a 50-day simple moving average of $0.80 and a 200 day simple moving average of $1.15. The stock has a market capitalization of $100.11 million, a PE ratio of -0.66 and a beta of 2.65. Surf Air Mobility has a twelve month low of $0.46 and a twelve month high of $3.50.

Surf Air Mobility (NYSE:SRFM) last posted its earnings results on Thursday, November 5th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The business had revenue of $36.46 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management bought a new position in shares of Surf Air Mobility during the 3rd quarter worth about $37,000. J. Derek Lewis & Associates Inc. raised its position in Surf Air Mobility by 12.4% in the third quarter. J. Derek Lewis & Associates Inc. now owns 136,000 shares of the company’s stock worth $163,000 after purchasing an additional 15,000 shares in the last quarter. Engineers Gate Manager LP raised its position in Surf Air Mobility by 147.4% in the second quarter. Engineers Gate Manager LP now owns 96,389 shares of the company’s stock worth $112,000 after purchasing an additional 57,423 shares in the last quarter. Squarepoint Ops LLC bought a new position in Surf Air Mobility during the second quarter worth about $53,000. Finally, Parrish Capital LLC acquired a new stake in Surf Air Mobility during the second quarter valued at approximately $27,000. 17.68% of the stock is owned by institutional investors.

About Surf Air Mobility

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.