Scotiabank Issues Optimistic Forecast for MDA Space Earnings

MDA Space Ltd. (NYSE:MDA) – Research analysts at Scotiabank upped their FY2026 earnings estimates for MDA Space in a report released on Thursday, May 14th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.03 per share for the year, up from their prior estimate of $1.00. Scotiabank also issued estimates for MDA Space’s FY2027 earnings at $1.15 EPS.

A number of other equities research analysts have also recently commented on the stock. Zacks Research cut shares of MDA Space from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Canaccord Genuity Group upgraded shares of MDA Space to a “strong-buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of MDA Space from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Royal Bank Of Canada raised their price objective on shares of MDA Space from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group began coverage on shares of MDA Space in a research report on Monday, April 6th. They set a “buy” rating and a $41.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

MDA Space Stock Up 2.3%

Shares of NYSE MDA opened at $39.20 on Friday. MDA Space has a 52 week low of $23.23 and a 52 week high of $39.66.

MDA Space (NYSE:MDA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05.

MDA Space Company Profile

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.