What is HC Wainwright's Forecast for SRFM FY2029 Earnings?

Key Points

• HC Wainwright lowered its FY2029 EPS forecast for Surf Air Mobility to $0.28 from $0.40, while maintaining a “Buy” rating. The current-year consensus estimate remains a loss of $0.66 per share.
• Analyst sentiment is mixed: three analysts rate SRFM a Buy, one a Hold and one a Sell, producing an overall “Hold” rating and an average price target of $3.08.
• Shares opened at $0.80 and have declined 6.3%, with the company still facing profitability concerns after reporting a larger-than-expected quarterly loss despite revenue near the high end of guidance.

Surf Air Mobility Inc. (NYSE:SRFM - Free Report) - Equities research analysts at HC Wainwright reduced their FY2029 earnings per share estimates for Surf Air Mobility in a report issued on Tuesday, August 11th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $0.28 for the year, down from their previous estimate of $0.40. HC Wainwright currently has a "Buy" rating on the stock. The consensus estimate for Surf Air Mobility's current full-year earnings is ($0.66) per share.

SRFM has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Surf Air Mobility from a "sell" rating to a "hold" rating in a report on Sunday. Northland Securities initiated coverage on shares of Surf Air Mobility in a research report on Thursday, May 7th. They issued an "outperform" rating and a $5.00 price objective for the company. Canaccord Genuity Group set a $1.50 target price on shares of Surf Air Mobility in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of Surf Air Mobility from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 24th. Finally, Alliance Global Partners began coverage on shares of Surf Air Mobility in a research note on Friday, May 1st. They set a "buy" rating and a $2.75 price target for the company. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $3.08.

Surf Air Mobility Trading Down 6.3%

Shares of SRFM opened at $0.80 on Wednesday. The firm has a fifty day moving average price of $0.93 and a 200-day moving average price of $1.33. The firm has a market capitalization of $84.67 million, a P/E ratio of -0.50 and a beta of 2.83. Surf Air Mobility has a 12-month low of $0.67 and a 12-month high of $6.17.

Hedge Funds Weigh In On Surf Air Mobility

Several institutional investors have recently made changes to their positions in SRFM. Vanguard Group Inc. lifted its stake in Surf Air Mobility by 233.2% in the third quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company's stock worth $8,093,000 after acquiring an additional 1,320,353 shares during the period. Raymond James Financial Inc. grew its holdings in Surf Air Mobility by 81,240.1% during the 3rd quarter. Raymond James Financial Inc. now owns 952,492 shares of the company's stock worth $4,086,000 after acquiring an additional 951,321 shares in the last quarter. HRT Financial LP bought a new position in Surf Air Mobility during the 2nd quarter worth about $2,212,000. Geode Capital Management LLC increased its position in Surf Air Mobility by 103.6% during the 4th quarter. Geode Capital Management LLC now owns 552,374 shares of the company's stock valued at $1,072,000 after purchasing an additional 281,045 shares during the period. Finally, Millennium Management LLC increased its position in Surf Air Mobility by 3,450.8% during the 3rd quarter. Millennium Management LLC now owns 488,272 shares of the company's stock valued at $2,095,000 after purchasing an additional 474,521 shares during the period. Hedge funds and other institutional investors own 17.68% of the company's stock.

Trending Headlines about Surf Air Mobility

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Second-quarter revenue reached $29.51 million, near the high end of company guidance, while Surf Air said it met its adjusted EBITDA target despite elevated fuel costs and weather-related disruption in Hawaii. The company also highlighted progress across its airline, private-charter and SurfOS software businesses. Surf Air Mobility Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $35.5 million to $37.5 million is above the $34.8 million analyst consensus, suggesting expected sequential growth. Surf Air Mobility Third-Quarter Guidance
• Positive Sentiment: Surf Air completed the second tranche of a secured financing agreement, providing additional liquidity to support operations and commercialization, although the debt structure may increase financial obligations. Surf Air Mobility Completes Second Tranche of Secured Financing
• Neutral Sentiment: Stonegate Capital Partners said the second-quarter results improved Surf Air’s forward setup, citing revenue performance and the advancement of the company’s first SurfOS enterprise contract. The assessment is supportive but represents third-party analyst commentary rather than a new company financial commitment. Stonegate Capital Partners Updates Coverage on Surf Air Mobility
• Negative Sentiment: The quarter still produced a larger-than-expected per-share loss. Data providers reported a loss ranging from $0.20 to $0.29 per share versus a $0.18 consensus estimate, underscoring ongoing profitability concerns. Surf Air Mobility Reports Second-Quarter Loss
• Negative Sentiment: Full-year 2026 revenue guidance of $128 million to $138 million has a midpoint slightly below the $129 million consensus estimate, offering less evidence of a near-term acceleration for the full year. Surf Air Mobility Second-Quarter Earnings Call Transcript

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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