Desjardins Issues Pessimistic Outlook for MDA Space Earnings

MDA Space Ltd. (TSE:MDA) – Equities researchers at Desjardins cut their FY2025 earnings estimates for MDA Space in a report released on Tuesday, April 1st. Desjardins analyst B. Poirier now expects that the company will earn $1.43 per share for the year, down from their previous forecast of $1.57. The consensus estimate for MDA Space’s current full-year earnings is $0.96 per share. Desjardins also issued estimates for MDA Space’s FY2025 earnings at $1.43 EPS, FY2026 earnings at $1.53 EPS and FY2026 earnings at $1.53 EPS.

A number of other research firms also recently weighed in on MDA. Scotiabank upped their target price on shares of MDA Space from C$28.50 to C$34.00 in a research report on Monday, March 10th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Citigroup raised their target price on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Finally, Cormark upped their price target on MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$31.43.

MDA Space Trading Down 8.1 %

Shares of MDA opened at C$24.02 on Friday. MDA Space has a 1-year low of C$11.44 and a 1-year high of C$30.00. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The firm’s 50-day moving average price is C$25.40 and its 200-day moving average price is C$24.87. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 42.69 and a beta of 0.02.

About MDA Space

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.