Parkit Enterprise Inc. Forecasted to Earn Q1 2024 Earnings of $0.01 Per Share (CVE:PKT) - Defense World

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Parkit Enterprise Inc. (CVE:PKT – Free Report) – Investment analysts at Cormark issued their Q1 2024 earnings per share estimates for shares of Parkit Enterprise in a research note issued on Thursday, March 21st. Cormark analyst S. Srinivas expects that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Parkit Enterprise’s current full-year earnings is $0.03 per share. Cormark also issued estimates for Parkit Enterprise’s Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.01 EPS.

Several other equities research analysts have also weighed in on PKT. Raymond James boosted their target price on Parkit Enterprise from C$0.60 to C$0.85 and gave the stock an “outperform” rating in a report on Monday, January 8th. Canaccord Genuity Group boosted their target price on Parkit Enterprise from C$0.70 to C$0.80 and gave the stock a “buy” rating in a report on Wednesday, December 20th.

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Parkit Enterprise Stock Down 1.5 %

PKT opened at C$0.64 on Monday. The business has a 50 day moving average price of C$0.65 and a 200 day moving average price of C$0.61. Parkit Enterprise has a twelve month low of C$0.40 and a twelve month high of C$1.05. The company has a debt-to-equity ratio of 112.90, a quick ratio of 5.35 and a current ratio of 4.00. The firm has a market cap of C$145.85 million, a P/E ratio of -32.00 and a beta of 2.10.

Parkit Enterprise (CVE:PKT – Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.03). Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. The firm had revenue of C$5.83 million for the quarter.

Parkit Enterprise Company Profile

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Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.