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Chorus Aviation (TSE:CHR)
:CHR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -11.95%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Chorus' strong financial performance, including improved leverage ratios, significant free cash flow, and growth in Voyageur's revenues. However, the reclassification of the RAL segment as discontinued operations and the downward trend in aircraft maintenance expenses were noted as challenges. Overall, the positive developments, such as contract extensions and safety recognitions, outweigh the lowlights.Company Guidance
During the Chorus Third Quarter 2024 earnings call, the company provided detailed guidance on its financial performance and strategic initiatives. The call highlighted a significant focus on the sale of the Regional Aircraft Leasing (RAL) segment, which is expected to conclude by the end of 2024. This transaction will lead to a streamlined balance sheet, with a pro forma leverage ratio projected to decrease to 1.5 from 3.0, enabling better financial flexibility. Chorus reported an adjusted EBITDA of $54 million for the quarter and $159 million year-to-date, alongside a free cash flow of $32 million. On a pro forma basis, free cash flow for the quarter was $37 million, illustrating a robust financial position post-transaction. The company is also committed to enhancing shareholder value through a normal course issuer bid (NCIB) for share repurchases. Operationally, Chorus emphasized its strong contractual relationship with Air Canada, extending leases on six Q400 CPA aircraft to 2026, and highlighted growth at Voyageur with record parts sales and revenue up 16% year-over-year. The call underscored Chorus' focus on capital structure optimization, pilot recruitment advancements, and strengthening its regional aviation services.Strengthened Financial Position
Chorus improved its leverage ratio to 3.0, down from 3.3 at the beginning of the year, and expects further improvement following the closure of the RAL segment sale.
Strong Free Cash Flow and Adjusted EBITDA
Generated over $32 million in free cash flow this quarter and reported adjusted EBITDA of almost $54 million for Q3 and $159 million year-to-date.
Successful Contract Extensions and New Partnerships
Extended six Q400 CPA aircraft leases with Air Canada to 2026 and launched a new pilot training program with Cygnet Aviation.
Voyageur's Revenue Growth
Voyageur's revenues increased by 16% year-to-date, reaching $90 million, with record parts sales contributing to this growth.
Recognition for Safety Excellence
Jazz was recognized as an award of Excellence Winner for the eighth consecutive year as part of Canada's Safest Employers.
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TSE:CHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$3.18 | C$3.16 | -0.63% |
| Aug 13, 2024 | C$2.53 | C$2.52 | -0.40% |
| May 07, 2024 | C$2.28 | C$2.30 | +0.88% |
| Feb 22, 2024 | C$2.41 | C$2.25 | -6.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chorus Aviation (TSE:CHR) report earnings?
Chorus Aviation (TSE:CHR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Chorus Aviation (TSE:CHR) earnings time?
Chorus Aviation (TSE:CHR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CHR EPS forecast?
TSE:CHR EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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