Scotiabank Has Strong Forecast for MDA Space FY2026 Earnings

MDA Space Ltd. (NYSE:MDA) – Equities researchers at Scotiabank boosted their FY2026 earnings estimates for MDA Space in a report released on Wednesday, July 15th. Scotiabank analyst K. Gupta now expects that the company will earn $0.99 per share for the year, up from their prior forecast of $0.97. Scotiabank currently has a “Outperform” rating on the stock. Scotiabank also issued estimates for MDA Space’s FY2027 earnings at $1.17 EPS.

Other analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of MDA Space in a report on Monday, June 22nd. Jefferies Financial Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, June 10th. Canaccord Genuity Group upgraded MDA Space to a “strong-buy” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price target on MDA Space from $34.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada lifted their price objective on MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MDA Space presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

MDA Space Stock Down 0.3%

MDA opened at $30.16 on Monday. MDA Space has a twelve month low of $23.23 and a twelve month high of $49.37. The firm has a market capitalization of $4.88 billion and a price-to-earnings ratio of 107.71. The stock’s 50-day simple moving average is $38.97.

MDA Space (NYSE:MDA) last issued its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.