What is Cormark's Forecast for Air Canada Q3 Earnings?

Key Points

• Cormark analysts have reduced their Q3 2025 earnings per share estimate for Air Canada from $1.79 to $1.77, while the full-year earnings estimate is currently set at $2.58 per share.
• Several analysts have recently upgraded their ratings and target prices for Air Canada, with Royal Bank of Canada raising its target from C$16.00 to C$25.00.
• Air Canada has a current market cap of C$7.02 billion and trades at a price-to-earnings ratio of 2.77, indicating potential for future growth.

Air Canada (TSE:AC - Free Report) - Stock analysts at Cormark dropped their Q3 2025 earnings per share (EPS) estimates for Air Canada in a research report issued to clients and investors on Wednesday, July 30th. Cormark analyst D. Ocampo now forecasts that the company will earn $1.77 per share for the quarter, down from their prior forecast of $1.79. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Cormark also issued estimates for Air Canada's FY2026 earnings at $2.32 EPS and FY2027 earnings at $2.24 EPS.

Other equities analysts also recently issued research reports about the stock. ATB Capital lifted their price target on shares of Air Canada from C$31.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank lifted their price target on shares of Air Canada from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday. CIBC dropped their price objective on Air Canada from C$24.00 to C$21.00 in a report on Thursday, April 10th. Royal Bank Of Canada upgraded Air Canada from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$16.00 to C$25.00 in a report on Monday, May 12th. Finally, National Bankshares lifted their price target on shares of Air Canada from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Air Canada currently has an average rating of "Moderate Buy" and an average price target of C$25.63.

Air Canada Stock Performance

Shares of Air Canada stock traded down C$0.24 during trading on Thursday, hitting C$19.06. 3,044,175 shares of the company's stock traded hands, compared to its average volume of 3,487,817. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$26.18. The stock has a market capitalization of C$6.80 billion, a P/E ratio of 2.68, a PEG ratio of 0.02 and a beta of 2.39. The business has a 50-day simple moving average of C$20.27 and a 200-day simple moving average of C$17.78.

Air Canada Company Profile

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.