Q1 EPS Estimate for Surf Air Mobility Lifted by Analyst

Key Points

• HC Wainwright raised its Q1 2026 EPS estimate for Surf Air Mobility to ($0.20) from ($0.24) and provided multi-year forecasts that narrow losses through FY2026–FY2028 and show a path to profitability by FY2029–FY2030 (FY2030 EPS $0.90).
• Shares opened at $1.14 and were down about 5.4%, with a market cap of ~$95.7 million and a 12‑month range of $1.04–$9.91; the consensus analyst rating is Hold with a $3.13 target price.
• Insider sales occurred on April 16, with CFO Oliver Reeves and CEO Deanna Leigh White each selling roughly 28k and 27.7k shares at $1.31 to cover tax withholding, reducing their holdings; insiders now own about 8% of the company.

Surf Air Mobility Inc. (NYSE:SRFM - Free Report) - Investment analysts at HC Wainwright upped their Q1 2026 earnings per share (EPS) estimates for Surf Air Mobility in a report issued on Wednesday, April 22nd. HC Wainwright analyst A. Dayal now anticipates that the company will earn ($0.20) per share for the quarter, up from their prior forecast of ($0.24). The consensus estimate for Surf Air Mobility's current full-year earnings is ($1.69) per share. HC Wainwright also issued estimates for Surf Air Mobility's Q2 2026 earnings at ($0.16) EPS, Q3 2026 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.59) EPS, FY2027 earnings at ($0.39) EPS, FY2028 earnings at ($0.02) EPS, FY2029 earnings at $0.40 EPS and FY2030 earnings at $0.90 EPS.

A number of other research analysts also recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Surf Air Mobility in a report on Monday. Canaccord Genuity Group decreased their price target on Surf Air Mobility from $3.50 to $2.25 and set a "hold" rating for the company in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Surf Air Mobility has a consensus rating of "Hold" and a consensus target price of $3.13.

Surf Air Mobility Trading Down 5.4%

Shares of NYSE:SRFM opened at $1.14 on Friday. Surf Air Mobility has a 12-month low of $1.04 and a 12-month high of $9.91. The company has a market capitalization of $95.70 million, a PE ratio of -0.33 and a beta of 3.34. The business has a 50 day moving average of $1.53 and a two-hundred day moving average of $2.41.

Insider Buying and Selling

In other Surf Air Mobility news, CFO Oliver Reeves sold 28,874 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $1.31, for a total value of $37,824.94. Following the completion of the transaction, the chief financial officer directly owned 289,564 shares of the company's stock, valued at approximately $379,328.84. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Deanna Leigh White sold 27,720 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $1.31, for a total value of $36,313.20. Following the transaction, the chief executive officer directly owned 675,530 shares of the company's stock, valued at approximately $884,944.30. The trade was a 3.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Surf Air Mobility by 18,757.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company's stock worth $28,000 after buying an additional 6,565 shares during the period. Bank of America Corp DE raised its stake in shares of Surf Air Mobility by 7,157.9% during the 3rd quarter. Bank of America Corp DE now owns 10,161 shares of the company's stock worth $44,000 after buying an additional 10,021 shares during the period. J.W. Cole Advisors Inc. acquired a new position in shares of Surf Air Mobility during the 3rd quarter worth approximately $47,000. Jefferies Financial Group Inc. acquired a new position in shares of Surf Air Mobility during the 3rd quarter worth approximately $47,000. Finally, Private Advisor Group LLC acquired a new position in shares of Surf Air Mobility during the 3rd quarter worth approximately $48,000. 17.68% of the stock is owned by institutional investors and hedge funds.

About Surf Air Mobility

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.

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