FY2026 EPS Estimates for CVE:FLT Reduced by Ventum Cap Mkts

Key Points

• Ventum Capital Markets has reduced its FY2026 EPS estimate for Drone Delivery Canada Corp. to $0.00 per share, down from a previous forecast of $0.01.
• Following the news, shares of Drone Delivery Canada traded down 8.7%, with the stock opening at C$0.58 and a market capitalization of C$265.95 million.
• The company's current PE ratio is -11.76, indicating a negative earnings outlook, while its stock has fluctuated between a fifty-two week low of C$0.11 and a high of C$0.97.

Drone Delivery Canada Corp. (CVE:FLT - Free Report) - Ventum Cap Mkts reduced their FY2026 earnings estimates for shares of Drone Delivery Canada in a research report issued to clients and investors on Thursday, August 21st. Ventum Cap Mkts analyst R. Goff now expects that the company will post earnings of $0.00 per share for the year, down from their previous forecast of $0.01. The consensus estimate for Drone Delivery Canada's current full-year earnings is ($0.01) per share.

Drone Delivery Canada Trading Down 4.2%

FLT traded down C$0.03 during trading hours on Friday, reaching C$0.57. The company's stock had a trading volume of 431,856 shares, compared to its average volume of 1,763,377. Drone Delivery Canada has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.97. The stock has a market cap of C$259.07 million, a PE ratio of -11.46 and a beta of 0.94. The business's 50-day moving average is C$0.51 and its 200-day moving average is C$0.28. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02.

About Drone Delivery Canada

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.