Northland Securities Weighs in on SRFM FY2026 Earnings

Surf Air Mobility Inc. (NYSE:SRFM) – Analysts at Northland Securities boosted their FY2026 earnings per share estimates for Surf Air Mobility in a research report issued on Friday, November 6th. Northland Securities analyst M. Latimore now expects that the company will post earnings of ($0.67) per share for the year, up from their previous forecast of ($0.69). The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.68) per share. Northland Securities also issued estimates for Surf Air Mobility’s Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.11) EPS, Q4 2027 earnings at ($0.09) EPS, FY2027 earnings at ($0.39) EPS and FY2028 earnings at ($0.35) EPS.

Several other research firms have also recently issued reports on SRFM. HC Wainwright reiterated a “buy” rating on shares of Surf Air Mobility in a research report on Tuesday, August 11th. Canaccord Genuity Group decreased their price target on shares of Surf Air Mobility from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Monday, August 17th. Wall Street Zen raised shares of Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Surf Air Mobility in a report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.92.

Surf Air Mobility Trading Up 5.2%

NYSE SRFM opened at $0.74 on Wednesday. Surf Air Mobility has a 12 month low of $0.46 and a 12 month high of $3.50. The stock’s 50 day moving average is $0.80 and its 200 day moving average is $1.15. The stock has a market cap of $100.11 million, a PE ratio of -0.66 and a beta of 2.65.

Surf Air Mobility (NYSE:SRFM) last released its earnings results on Thursday, November 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The company had revenue of $36.46 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRFM. Bank of New York Mellon Corp bought a new stake in Surf Air Mobility during the first quarter worth approximately $26,000. Parrish Capital LLC purchased a new position in shares of Surf Air Mobility in the 2nd quarter worth approximately $27,000. Ritholtz Wealth Management bought a new position in shares of Surf Air Mobility during the 3rd quarter valued at approximately $37,000. Squarepoint Ops LLC purchased a new stake in Surf Air Mobility during the 2nd quarter valued at $53,000. Finally, Engineers Gate Manager LP lifted its position in Surf Air Mobility by 147.4% in the second quarter. Engineers Gate Manager LP now owns 96,389 shares of the company’s stock worth $112,000 after buying an additional 57,423 shares during the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

About Surf Air Mobility

Surf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc. is headquartered in Hawthorne, California.