FY2022 Earnings Estimate for Drone Delivery Canada Corp. Issued By Cormark (CVE:FLT)

Drone Delivery Canada Corp. (CVE:FLT – Get Rating) – Stock analysts at Cormark lowered their FY2022 earnings estimates for Drone Delivery Canada in a report issued on Thursday, May 19th. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of ($0.06) for the year, down from their prior forecast of ($0.02). Cormark also issued estimates for Drone Delivery Canada’s FY2023 earnings at ($0.01) EPS.

Drone Delivery Canada (CVE:FLT – Get Rating) last announced its earnings results on Thursday, March 24th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$0.12 million for the quarter, compared to analyst estimates of C$0.10 million.

Shares of FLT stock opened at C$0.50 on Monday. Drone Delivery Canada has a 12-month low of C$0.48 and a 12-month high of C$1.45. The company has a current ratio of 14.52, a quick ratio of 14.26 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average is C$0.59 and its 200 day moving average is C$0.71. The stock has a market capitalization of C$112.10 million and a P/E ratio of -7.58.

Drone Delivery Canada Company Profile (Get Rating)

Drone Delivery Canada Corp. designs, develops, and implements commercial drone-based logistics systems in Canada and internationally. The company offers logistics solutions, which includes proprietary software system, and hardware and professional services for cargo delivery process from depot to depot.

Further Reading

• MarketBeat: Week in Review 5/16 – 5/20
• 3 Retailers That Defied First Quarter Headwinds 
• Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
• Will John Deere’s Earnings Help to Calm the Markets?
• Lowe’s Companies Has Not Bottomed 

Want More Great Investing Ideas?