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Surf Air Mobility to Report Q2 Earnings: What's in the Offing?
ZACKSยท 2025-08-06 16:15
Core Viewpoint - Surf Air Mobility (SRFM) is expected to report a loss per share of $1.09 for Q2 2025, with revenues estimated at $25.9 million, indicating a 20% year-over-year decline [1][8]. Financial Performance - The Zacks Consensus Estimate for loss per share has remained unchanged at $1.09 over the past 60 days, compared to a loss of $1.96 per share a year ago [1]. - The company reported a loss of $1.31 per share in Q1 2025, which was wider than the Zacks Consensus Estimate of a loss of $1.08 [2]. Revenue Expectations - Scheduled service revenues are anticipated to decrease due to the elimination of unprofitable routes and service interruptions earlier this year [4]. - On-Demand service revenues are also expected to decline year-over-year as the company focuses on charter profitability [4]. - The company expects Q2 revenues to fall within the range of $23.5 million to $26.5 million [4]. Cost Management - Lower technology and compensation costs are expected to positively impact the bottom line for the upcoming quarter [5]. - The company is optimizing its airline plans, which is anticipated to aid results [5]. - Efficiencies from SurfOS, an AI-enabled software platform developed with Palantir Technologies, are expected to contribute positively, with an update anticipated during the Q2 conference call [5]. Earnings Prediction - The Zacks model does not predict an earnings beat for SRFM, as the Earnings ESP is 0.00%, indicating that the Most Accurate Estimate aligns with the Zacks Consensus Estimate [6][7]. Company Ranking - SRFM currently holds a Zacks Rank of 3, indicating a hold position [9].