Bombardier (BDRBF) Expected to Post Earnings on Thursday

Key Points

• Bombardier is expected to report earnings before the market opens Thursday, November 5. Analysts forecast $1.61 in earnings per share and $2.38 billion in revenue.
• In its previous quarter, Bombardier reported $2.50 EPS, exceeding consensus estimates of $1.32, while revenue of $2.15 billion also topped expectations.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $263, compared with the stock’s reported price of $242.69.

Bombardier (OTCMKTS:BDRBF - Get Free Report) is expected to be issuing its results before the market opens on Thursday, November 5th. Analysts expect Bombardier to post earnings of $1.61 per share and revenue of $2.38 billion for the quarter.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $1.18. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%. On average, analysts expect Bombardier to post $10.15 EPS for the current fiscal year and $11.00 EPS for the next fiscal year.

Bombardier Stock Up 1.0%

OTCMKTS BDRBF opened at $242.69 on Thursday. The stock has a market cap of $24.07 billion and a P/E ratio of 26.64. The company's 50-day simple moving average is $223.35 and its 200 day simple moving average is $210.81. Bombardier has a twelve month low of $134.35 and a twelve month high of $269.94.

Analyst Upgrades and Downgrades

BDRBF has been the subject of a number of analyst reports. Zacks Research upgraded shares of Bombardier from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reissued an "outperform" rating on shares of Bombardier in a report on Thursday, October 15th. TD Securities reissued a "hold" rating on shares of Bombardier in a report on Friday, July 31st. Finally, BMO Capital Markets restated an "outperform" rating on shares of Bombardier in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $263.00.

About Bombardier

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.

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