FY2025 Earnings Forecast for Air Canada Issued By Scotiabank

Key Points

• Scotiabank raised its FY2025 EPS estimate for Air Canada to $1.11 (from $1.03) and maintains an Outperform rating with a C$26.50 price target.
• Scotiabank also forecasts FY2026 and FY2027 EPS of $1.40 and $1.90 respectively, while the market consensus rate for the stock is a Moderate Buy with a C$24.42 consensus target price.
• Air Canada reported C$0.75 EPS and C$5.77 billion revenue in its last quarter; the stock opened at C$19.36, trades in a 12‑month range of C$12.69–C$23.72, and shows a high debt‑to‑equity ratio (400.00) and current ratio of 0.92.

Air Canada (TSE:AC - Free Report) - Analysts at Scotiabank raised their FY2025 earnings per share estimates for Air Canada in a report released on Friday, January 23rd. Scotiabank analyst K. Gupta now expects that the company will post earnings per share of $1.11 for the year, up from their previous estimate of $1.03. Scotiabank has a "Outperform" rating and a $26.50 price objective on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Scotiabank also issued estimates for Air Canada's FY2026 earnings at $1.40 EPS and FY2027 earnings at $1.90 EPS.

Air Canada (TSE:AC - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 EPS for the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. The firm had revenue of C$5.77 billion during the quarter.

Several other research analysts also recently weighed in on AC. UBS Group upgraded shares of Air Canada to a "hold" rating in a research report on Tuesday, November 18th. BMO Capital Markets reduced their price objective on Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the company an "outperform" rating in a research report on Tuesday, November 25th. National Bankshares boosted their price target on Air Canada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a report on Wednesday, January 14th. Finally, CIBC raised their price objective on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.42.

Air Canada Stock Performance

AC opened at C$19.36 on Monday. The company's 50 day moving average is C$19.09 and its 200 day moving average is C$19.17. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company has a market cap of C$5.73 billion, a price-to-earnings ratio of -28.06, a PEG ratio of 0.02 and a beta of 1.75. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$23.72.

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.

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