Cormark Forecasts Kraken Robotics' FY2025 Earnings (CVE:PNG)

Key Points

• Analysts at Cormark have reduced Kraken Robotics' FY2025 earnings estimate from $0.13 to $0.05 per share, while the current consensus for full-year earnings stands at $0.07 per share.
• Despite the downgrade, other investment firms have shown confidence in Kraken Robotics, with Scotiabank raising the stock to a "strong-buy" rating and several others increasing their price targets.
• As of Monday, Kraken Robotics stock opened at C$4.18, reflecting a 1.4% decline, and the company has a market cap of C$1.28 billion.

Kraken Robotics Inc. (CVE:PNG - Free Report) - Cormark reduced their FY2025 earnings estimates for shares of Kraken Robotics in a research report issued to clients and investors on Thursday, September 11th. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.13. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics' FY2026 earnings at $0.14 EPS.

Other analysts have also recently issued research reports about the stock. National Bankshares boosted their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Scotiabank upgraded shares of Kraken Robotics to a "strong-buy" rating in a research note on Thursday, August 14th. Raymond James Financial upped their target price on shares of Kraken Robotics from C$3.50 to C$4.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. Desjardins upped their target price on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group cut shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and upped their target price for the company from C$3.50 to C$4.00 in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$4.10.

Kraken Robotics Price Performance

Shares of PNG traded up C$0.33 during trading hours on Monday, reaching C$4.57. 1,310,074 shares of the stock traded hands, compared to its average volume of 1,038,024. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. Kraken Robotics has a 52-week low of C$1.60 and a 52-week high of C$4.64. The company's 50-day moving average price is C$3.65 and its two-hundred day moving average price is C$2.92. The company has a market cap of C$1.40 billion, a P/E ratio of 65.29 and a beta of 0.91.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.