FY2026 Earnings Estimate for Air Canada Issued By Scotiabank

Key Points

• Scotiabank raised Air Canada’s FY2026 earnings estimate to $1.09 per share from $0.99 and forecast FY2027 earnings of $1.48 per share. The bank maintains an “Outperform” rating.
• Air Canada recently reported quarterly earnings of $0.29 per share, exceeding the $0.11 consensus estimate, while revenue of $4.41 billion also topped expectations.
• The stock opened at $20.93, down 1.1%, with shares trading near their one-year high of $22.52. Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating from MarketBeat.

Air Canada (OTCMKTS:ACDVF - Free Report) - Investment analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Air Canada in a report released on Wednesday, August 19th. Scotiabank analyst K. Gupta now expects that the company will post earnings of $1.09 per share for the year, up from their previous forecast of $0.99. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $0.99 per share. Scotiabank also issued estimates for Air Canada's FY2027 earnings at $1.48 EPS.

ACDVF has been the topic of several other reports. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Air Canada in a report on Friday, August 14th. BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 12th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Air Canada in a report on Thursday, August 13th. National Bank Financial reissued an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Air Canada in a report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Air Canada Trading Down 1.1%

Shares of Air Canada stock opened at $20.93 on Friday. The firm's 50 day moving average is $17.89 and its 200 day moving average is $15.44. The firm has a market capitalization of $5.86 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42. Air Canada has a 1 year low of $12.03 and a 1 year high of $22.52. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

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 the consensus estimate of $0.11 by $0.18. The firm had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.

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