CAE (CAE) got here out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Esti
CAE (CAE) got here out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 10.53%. 1 / 4 in the past, it was anticipated that this civil and navy flight simulator firm would put up earnings of $0.20 per share when it truly produced earnings of $0.18, delivering a shock of -10%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
CAE, which belongs to the Zacks Aerospace – Protection Gear trade, posted revenues of $679.31 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 8.74%. This compares to year-ago revenues of $569.15 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on…