Q1 Earnings Estimate for HOVR Issued By Zacks Research

New Horizon Aircraft Ltd. (NASDAQ:HOVR) – Zacks Research issued their Q1 2028 earnings estimates for shares of New Horizon Aircraft in a research report issued on Friday, July 17th. Zacks Research analyst B. Lantier expects that the company will post earnings per share of ($0.10) for the quarter. The consensus estimate for New Horizon Aircraft’s current full-year earnings is ($0.34) per share. Zacks Research also issued estimates for New Horizon Aircraft’s Q2 2028 earnings at ($0.11) EPS, Q3 2028 earnings at ($0.11) EPS, Q4 2028 earnings at ($0.11) EPS and FY2028 earnings at ($0.42) EPS.

New Horizon Aircraft (NASDAQ:HOVR) last posted its quarterly earnings data on Thursday, July 16th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of New Horizon Aircraft in a research report on Wednesday, July 15th. Wall Street Zen raised New Horizon Aircraft from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, D. Boral Capital reiterated a “buy” rating and set a $11.00 price objective on shares of New Horizon Aircraft in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

New Horizon Aircraft Stock Performance

Shares of NASDAQ HOVR opened at $1.85 on Wednesday. New Horizon Aircraft has a fifty-two week low of $1.16 and a fifty-two week high of $4.18. The company has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $1.99. The company has a market capitalization of $104.30 million, a price-to-earnings ratio of -3.25 and a beta of 3.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of New Horizon Aircraft by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 695,100 shares of the company’s stock worth $1,022,000 after buying an additional 90,500 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of New Horizon Aircraft during the third quarter valued at approximately $244,000. Quadrature Capital Ltd bought a new stake in shares of New Horizon Aircraft during the fourth quarter valued at approximately $96,000. Marshall Wace LLP bought a new stake in shares of New Horizon Aircraft during the fourth quarter valued at approximately $63,000. Finally, Gabelli Funds LLC raised its holdings in New Horizon Aircraft by 72.9% in the 1st quarter. Gabelli Funds LLC now owns 25,306 shares of the company’s stock worth $36,000 after acquiring an additional 10,673 shares during the last quarter. 65.97% of the stock is owned by hedge funds and other institutional investors.

New Horizon Aircraft News Roundup

Here are the key news stories impacting New Horizon Aircraft this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including Q1, Q2, Q3, and Q4 2027, as well as full-year 2027 and 2028, signaling slightly better expectations for New Horizon Aircraft’s financial trajectory. New Horizon Aircraft analyst estimate updates
• Neutral Sentiment: The revised forecasts still call for losses in every period covered, with estimates such as a FY2027 loss of $0.34 per share and FY2028 loss of $0.42 per share, so profitability remains distant. New Horizon Aircraft analyst estimate updates
• Neutral Sentiment: New Horizon Aircraft recently reported a quarterly EPS loss of $0.09, which beat the consensus estimate of a $0.11 loss, but the result still reflected ongoing unprofitability. New Horizon Aircraft earnings results
• Negative Sentiment: Despite improved estimates, investors may be focusing on the company’s continued losses and the challenge of reaching breakeven, which can weigh on the stock. New Horizon Aircraft outlook

New Horizon Aircraft Company Profile

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.