FY2026 Earnings Forecast for Air Canada Issued By Scotiabank

Key Points

• Scotiabank cut Air Canada’s FY2026 EPS forecast to $0.57 from $1.09, below the $0.94 consensus estimate, while maintaining an “Outperform” rating. It projects FY2027 EPS at $0.97.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating; one analyst rates it Strong Buy, six Buy, three Hold and one Sell.
• Air Canada’s latest quarterly results exceeded expectations, with EPS of $0.29 versus the $0.11 consensus and revenue of $4.41 billion versus $4.34 billion expected. Shares opened at $15.36, with a market capitalization of approximately $3.88 billion.

Air Canada (OTCMKTS:ACDVF - Free Report) - Analysts at Scotiabank dropped their FY2026 earnings per share estimates for shares of Air Canada in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst K. Gupta now anticipates that the company will earn $0.57 per share for the year, down from their prior estimate of $1.09. Scotiabank currently has an "Outperform" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $0.94 per share. Scotiabank also issued estimates for Air Canada's FY2027 earnings at $0.97 EPS.

A number of other equities research analysts have also weighed in on ACDVF. National Bank Financial restated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Canaccord Genuity Group raised shares of Air Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 22nd. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Air Canada in a research report on Friday, August 14th. Royal Bank Of Canada reissued an "outperform" rating on shares of Air Canada in a research note on Thursday, August 13th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Air Canada Stock Up 1.3%

Shares of OTCMKTS ACDVF opened at $15.36 on Tuesday. Air Canada has a one year low of $12.03 and a one year high of $22.52. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56. The firm's 50 day simple moving average is $18.83 and its two-hundred day simple moving average is $16.05. The stock has a market capitalization of $3.88 billion, a P/E ratio of 15.06, a PEG ratio of 0.41 and a beta of 1.45.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.18. The company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%.

Air Canada Company Profile

Air Canada is Canada's flag carrier and the country's largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.

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