CAE To Report Moderate Improvement In Fiscal Q3 Amid Depressed Air Travel, RBC Says
11:57 AM EST, 02/05/2021 (MT Newswires) -- CAE (CAE) is expected to report moderate quarter-over-quarter improvement in fiscal Q3 on the back of growth in its healthcare and defense segments, RBC Capital Markets said in a note to clients on Friday.
The company operates in the civil aviation, defense and security, and healthcare training markets.
Results are expected Feb. 12 and while global air travel remains depressed the brokerage outlined a number of factors that could go in the company's favor, including a mandatory and recurring training for pilots to keep them flight ready.
RBC also expects CAE's business jet and cargo segments to make up for depressed commercial training revenue. The brokerage projects fiscal Q3 EPS of $0.19, versus consensus estimates for $0.18.
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