CPI Aerostructures (CVU) Expected to Announce Earnings of $0.21 Per Share

Wall Street analysts predict that CPI Aerostructures (NASDAQ:CVU) will report $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for CPI Aerostructures’ earnings. CPI Aerostructures reported earnings per share of $0.23 in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The company is expected to report its next quarterly earnings results on Thursday, March 28th.

According to Zacks, analysts expect that CPI Aerostructures will report full year earnings of $0.67 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will post earnings of $0.74 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover CPI Aerostructures.

CPI Aerostructures (NASDAQ:CVU) last released its earnings results on Thursday, November 8th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $19.95 million during the quarter, compared to analyst estimates of $20.25 million.

Shares of NASDAQ:CVU traded up $0.24 during trading on Monday, reaching $6.86. The company had a trading volume of 33,280 shares, compared to its average volume of 25,260. CPI Aerostructures has a fifty-two week low of $5.83 and a fifty-two week high of $11.75.

CPI Aerostructures Company Profile

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems, as well as supplies parts for maintenance repair and overhaul (MRO), and kitting contracts.

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