Air Canada (ACDVF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The trade war and reduced US transborder bookings have significantly impacted Air Canada's stock, causing a nearly 25% decline in value. Despite challenges, ACDVF's 2024 earnings indicate a 51% upside, with a potential 70% upside against FY25 earnings, justifying a buy rating. Increased costs due to tariffs and a weakening Canadian dollar could pressure margins, but the overall growth potential remains strong.
Investors should keep an eye on stocks like Air Canada, Enerflex, AutoNation, Centene and CVS Health for high returns.
ACDVF, BN and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on February 19, 2024.
Air Canada (OTCQX:ACDVF) Q4 2024 Earnings Conference Call February 14, 2025 7:30 AM ET Company Participants Valerie Durand – Head-Investor Relations and Corporate Sustainability Michael Rousseau – President and Chief Executive Officer Mark Galardo – Executive Vice President-Revenue and Network Planning and President-Cargo John Di Bert – Executive Vice President and Chief Financial Officer Conference Call Participants Kevin Chiang – CIBC Savi Syth – Raymond James Konark Gupta – Scotiabank Matthew Lee – Canaccord Genuity Jamie Baker – JPMorgan Stephen Trent – Citi Chris Murray – ATB Capital Markets Andrew Didora – Bank of America Cameron Doerksen – National Bank Financial Tom Fitzgerald – TD Cowen Greg Konrad – Jefferies Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
Air Canada (ACDVF) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.09 per share a year ago.
Transportation stocks like ACDVF, VLRS and GLNG have the potential to deliver better-than-expected fourth-quarter results.
Air Canada (ACDVF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Air Canada stock has hit my 2024 and 2025 price targets early, prompting a reassessment of its future upside potential. Despite disappointing guidance for 2025, with slowing capacity growth and rising costs, the stock still offers significant upside potential. Updated multi-year price targets suggest a 25% upside for 2025 and 41% upside for 2026, maintaining a buy rating with a $19.10 target.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Stifel raised the firm's price target on Air Canada to C$28 from C$25.50 and keeps a Buy rating on the shares.
Air Canada (TSX:AC.B) shares plunged more than 8% after the airline unveiled ambitious growth targets at its 2024 Investor Day. The company is targeting a 36% increase in operating revenue between this year and 2028.