FY2027 Earnings Forecast for Air Canada Issued By Scotiabank

Key Points

• Scotiabank cut its FY2027 EPS forecast for Air Canada to $1.17 from $1.37 and reiterated a "Hold" rating, versus a Street consensus of $1.66 per share.
• Air Canada’s latest quarter beat EPS expectations ($0.47 vs. $0.20) but missed on revenue ($4.19B vs. $5.56B), with a net margin of 2.92% and return on equity of 22.5%.
• The stock is trading around $12.19 with a 52-week range of $8.56–$17.25, a P/E of 8.41 and high leverage (debt-to-equity ~3.32), implying mixed valuation and balance-sheet risks.

Air Canada (OTCMKTS:ACDVF - Free Report) - Scotiabank decreased their FY2027 earnings per share (EPS) estimates for Air Canada in a report released on Thursday, March 12th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.17 per share for the year, down from their previous forecast of $1.37. Scotiabank currently has a "Hold" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $1.66 per share.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.27. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%.

A number of other brokerages have also issued reports on ACDVF. Zacks Research upgraded shares of Air Canada from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 27th. Raymond James Financial lowered Air Canada from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 17th. UBS Group upgraded Air Canada to a "hold" rating in a research report on Tuesday, November 18th. Jefferies Financial Group reissued a "hold" rating on shares of Air Canada in a report on Sunday, February 15th. Finally, ATB Cormark Capital Markets downgraded Air Canada from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 16th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Air Canada Stock Performance

Air Canada stock traded down $0.35 during trading hours on Friday, reaching $12.19. 14,064 shares of the stock were exchanged, compared to its average volume of 128,704. Air Canada has a 52-week low of $8.56 and a 52-week high of $17.25. The stock has a market cap of $3.57 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.25 and a beta of 1.39. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The firm's 50 day moving average is $14.34 and its 200 day moving average is $13.75.

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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