Global Crossing Airlines Group (OTCMKTS:JETMF) Releases Earnings Results, Misses Estimates By $0.02 EPS

Global Crossing Airlines Group (OTCMKTS:JETMF) released its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. The business had revenue of $62.02 million during the quarter, compared to analyst estimates of $67.11 million.

Global Crossing Airlines Group Stock Performance

Global Crossing Airlines Group stock remained flat at $0.59 during trading hours on Friday. 4,882 shares of the company’s stock were exchanged, compared to its average volume of 36,995. The stock has a market cap of $39.28 million, a PE ratio of -14.70 and a beta of 1.00. Global Crossing Airlines Group has a 1-year low of $0.38 and a 1-year high of $0.87. The company’s 50 day simple moving average is $0.64 and its two-hundred day simple moving average is $0.62.

Wall Street Analyst Weigh In

Several research analysts recently commented on JETMF shares. Litchfield Hills Research started coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They issued a “buy” rating for the company. Zacks Research upgraded shares of Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Global Crossing Airlines Group

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320?family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.