CVE:FLT FY2024 EPS Forecast Decreased by Ventum Cap Mkts

Drone Delivery Canada Corp. (CVE:FLT) – Ventum Cap Mkts cut their FY2024 earnings per share (EPS) estimates for shares of Drone Delivery Canada in a report issued on Monday, February 3rd. Ventum Cap Mkts analyst R. Goff now expects that the company will post earnings of ($0.07) per share for the year, down from their previous estimate of ($0.06). The consensus estimate for Drone Delivery Canada’s current full-year earnings is ($0.01) per share. Ventum Cap Mkts also issued estimates for Drone Delivery Canada’s FY2025 earnings at $0.00 EPS.

Drone Delivery Canada Trading Down 2.6 %

FLT stock opened at C$0.19 on Thursday. The company has a current ratio of 0.59, a quick ratio of 9.02 and a debt-to-equity ratio of 6.90. Drone Delivery Canada has a 12-month low of C$0.10 and a 12-month high of C$0.38. The stock has a market cap of C$85.31 million, a price-to-earnings ratio of -4.75 and a beta of 0.94. The business’s 50-day moving average is C$0.16 and its 200 day moving average is C$0.17.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.