Parkit Enterprise Inc. to Post Q1 2024 Earnings of $0.01 Per Share, Cormark Forecasts (CVE:PKT)

Parkit Enterprise Inc. (CVE:PKTFree Report) – Equities research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for Parkit Enterprise in a report released on Thursday, March 21st. Cormark analyst S. Srinivas expects that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Parkit Enterprise’s current full-year earnings is $0.03 per share. Cormark also issued estimates for Parkit Enterprise’s Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.01 EPS.

Several other brokerages have also issued reports on PKT. Canaccord Genuity Group boosted their price objective on Parkit Enterprise from C$0.70 to C$0.80 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Raymond James increased their price objective on shares of Parkit Enterprise from C$0.60 to C$0.85 and gave the stock an “outperform” rating in a research report on Monday, January 8th.

View Our Latest Stock Report on Parkit Enterprise

Parkit Enterprise Stock Up 1.6 %

Shares of CVE:PKT opened at C$0.65 on Monday. The company has a 50 day moving average price of C$0.65 and a two-hundred day moving average price of C$0.61. The company has a market capitalization of C$148.13 million, a PE ratio of -32.50 and a beta of 2.10. Parkit Enterprise has a 52 week low of C$0.40 and a 52 week high of C$1.05. The company has a debt-to-equity ratio of 112.90, a quick ratio of 5.35 and a current ratio of 4.00.

Parkit Enterprise (CVE:PKTGet Free Report) last released its earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The company had revenue of C$5.83 million during the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%.

Parkit Enterprise Company Profile

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Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.

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Earnings History and Estimates for Parkit Enterprise (CVE:PKT)

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