Q3 Earnings Estimate for SRFM Issued By Northland Securities

Surf Air Mobility Inc. (NYSE:SRFM) – Equities researchers at Northland Securities raised their Q3 2026 earnings per share estimates for Surf Air Mobility in a note issued to investors on Tuesday, August 11th. Northland Securities analyst M. Latimore now anticipates that the company will earn ($0.14) per share for the quarter, up from their previous forecast of ($0.17). Northland Securities currently has a “Outperform” rating and a $5.00 target price on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.66) per share. Northland Securities also issued estimates for Surf Air Mobility’s Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.71) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.13) EPS, Q3 2027 earnings at ($0.14) EPS, Q4 2027 earnings at ($0.13) EPS, FY2027 earnings at ($0.53) EPS and FY2028 earnings at ($0.48) EPS.

A number of other analysts have also issued reports on the stock. Alliance Global Partners assumed coverage on shares of Surf Air Mobility in a research report on Friday, May 1st. They set a “buy” rating and a $2.75 target price on the stock. Weiss Ratings downgraded Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. HC Wainwright reissued a “buy” rating on shares of Surf Air Mobility in a research note on Tuesday. Wall Street Zen upgraded Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Canaccord Genuity Group set a $1.50 price objective on shares of Surf Air Mobility in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.08.

Surf Air Mobility Trading Down 3.0%

NYSE:SRFM opened at $0.78 on Thursday. Surf Air Mobility has a 12-month low of $0.67 and a 12-month high of $6.17. The firm has a market cap of $95.97 million, a price-to-earnings ratio of -0.49 and a beta of 2.83. The company’s 50-day moving average is $0.92 and its two-hundred day moving average is $1.32.

Hedge Funds Weigh In On Surf Air Mobility

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Surf Air Mobility during the 1st quarter worth about $26,000. Price T Rowe Associates Inc. MD purchased a new position in Surf Air Mobility in the fourth quarter valued at approximately $45,000. Bank of America Corp DE lifted its position in Surf Air Mobility by 7,157.9% during the third quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock valued at $44,000 after buying an additional 10,021 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Surf Air Mobility during the third quarter worth approximately $48,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Surf Air Mobility in the third quarter worth $47,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Surf Air Mobility

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities raised its earnings forecasts across multiple periods. The firm improved its FY2026 EPS estimate to $(0.71) from $(0.80), FY2027 to $(0.53) from $(0.65), and FY2028 to $(0.48) from $(0.58). It also raised estimates for several 2026 and 2027 quarters. Northland maintained an “Outperform” rating and a $5.00 price target, substantially above SRFM’s recent sub-$1 trading level. Northland Securities estimates
• Positive Sentiment: Second-quarter results improved the company’s forward outlook. Stonegate Capital Partners said revenue reached the high end of guidance despite elevated fuel costs and weather-related disruption in Hawaii. The first SurfOS enterprise contract also advanced commercialization efforts for Surf Air’s operating-system technology. Stonegate Capital Partners coverage update
• Positive Sentiment: HC Wainwright improved its near-term outlook and retained a “Buy” rating. The firm raised its Q3 2026 EPS estimate to $(0.11) from $(0.14) and Q4 2026 to $(0.08) from $(0.09), suggesting losses may narrow faster than previously expected. HC Wainwright estimates
• Neutral Sentiment: Surf Air completed a second tranche of secured financing. The transaction provides additional capital for operations and commercialization, but secured debt increases financial obligations for a company with a market capitalization of roughly $96 million and a negative P/E ratio. Surf Air secured financing
• Negative Sentiment: Longer-term analyst forecasts were mixed. HC Wainwright cut FY2026 EPS to $(0.69) from $(0.59), FY2028 to $(0.09) from $(0.02), FY2029 to $0.28 from $0.40 and FY2030 to $0.66 from $0.90. These reductions temper the bullish impact of the near-term estimate increases.

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.