Equities Analysts Issue Forecasts for SRFM FY2026 Earnings

Key Points

• Northland Securities raised its FY2026 EPS forecast for Surf Air Mobility to a loss of $0.67 per share from a loss of $0.69; the broader analyst consensus is a loss of $0.68 per share.
• Surf Air Mobility reported a quarterly loss of $0.16 per share, missing analysts’ $0.13 loss estimate, on revenue of $36.46 million.
• Analyst sentiment is mixed, with a consensus Hold rating and a $2.92 consensus price target. Shares opened at $0.74 and were trading 5.2% higher.

Surf Air Mobility Inc. (NYSE:SRFM - Free Report) - Equities research analysts at Northland Securities lifted their FY2026 earnings per share estimates for Surf Air Mobility in a research note issued to investors on Friday, November 6th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings of ($0.67) per share for the year, up from their previous estimate of ($0.69). The consensus estimate for Surf Air Mobility's current full-year earnings is ($0.68) per share. Northland Securities also issued estimates for Surf Air Mobility's Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.11) EPS, Q4 2027 earnings at ($0.09) EPS, FY2027 earnings at ($0.39) EPS and FY2028 earnings at ($0.35) EPS.

SRFM has been the subject of several other reports. HC Wainwright reiterated a "buy" rating on shares of Surf Air Mobility in a research note on Tuesday, August 11th. Canaccord Genuity Group dropped their price target on Surf Air Mobility from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Monday, August 17th. Wall Street Zen raised Surf Air Mobility from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Surf Air Mobility in a research note on Thursday, October 22nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $2.92.

Surf Air Mobility Trading Up 5.2%

Shares of Surf Air Mobility stock opened at $0.74 on Wednesday. The firm has a market capitalization of $100.11 million, a P/E ratio of -0.66 and a beta of 2.65. The business has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $1.15. Surf Air Mobility has a 12 month low of $0.46 and a 12 month high of $3.50.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). The business had revenue of $36.46 million during the quarter.

Institutional Trading of Surf Air Mobility

A number of institutional investors have recently made changes to their positions in SRFM. J. Derek Lewis & Associates Inc. grew its position in Surf Air Mobility by 12.4% during the third quarter. J. Derek Lewis & Associates Inc. now owns 136,000 shares of the company's stock valued at $163,000 after buying an additional 15,000 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Surf Air Mobility during the 1st quarter worth $26,000. Parrish Capital LLC purchased a new position in shares of Surf Air Mobility during the 2nd quarter worth $27,000. Ritholtz Wealth Management bought a new position in Surf Air Mobility in the 3rd quarter worth $37,000. Finally, Squarepoint Ops LLC bought a new position in Surf Air Mobility in the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 17.68% of the company's stock.

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.

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