Cormark Has Negative Forecast for CVE:PKT FY2026 Earnings

Parkit Enterprise Inc. (CVE:PKT) – Investment analysts at Cormark lowered their FY2026 earnings per share (EPS) estimates for Parkit Enterprise in a note issued to investors on Friday, May 16th. Cormark analyst S. Srinivas now expects that the company will post earnings of $0.03 per share for the year, down from their previous estimate of $0.04. The consensus estimate for Parkit Enterprise’s current full-year earnings is $0.03 per share.

Parkit Enterprise Price Performance

Shares of CVE:PKT opened at C$0.44 on Monday. Parkit Enterprise has a 1-year low of C$0.33 and a 1-year high of C$0.76. The company has a debt-to-equity ratio of 48.28, a current ratio of 6.17 and a quick ratio of 5.35. The business has a fifty day moving average price of C$0.40 and a 200-day moving average price of C$0.52. The company has a market capitalization of C$96.30 million, a PE ratio of -29.45 and a beta of 1.97.

Insider Buying and Selling

In other news, insider Parkit Enterprise Inc. acquired 500,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of C$0.41 per share, for a total transaction of C$205,000.00. 39.47% of the stock is currently owned by company insiders.

Parkit Enterprise Company Profile

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.