Surf Air Mobility Inc. (SRFM) Reports Q2 Loss, Beats Revenue Estimates

Core Insights - Surf Air Mobility Inc. reported a quarterly loss of $0.93 per share, which was better than the Zacks Consensus Estimate of a loss of $1.09, marking an earnings surprise of +14.68% [1] - The company generated revenues of $27.43 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 5.91%, although this represents a decline from $32.37 million in the same quarter last year [2] - The stock has underperformed, losing approximately 23.6% since the beginning of the year, while the S&P 500 has gained 8.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.82 on revenues of $25.33 million, and for the current fiscal year, it is -$3.84 on revenues of $101.24 million [7] - The estimate revisions trend for Surf Air Mobility Inc. was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Transportation - Airline industry, to which Surf Air Mobility Inc. belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]