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Raymond James Has Negative Forecast for CVE:PKT Q4 Earnings

Parkit Enterprise logo with Real Estate background

Parkit Enterprise Inc. (CVE:PKT - Free Report) - Equities researchers at Raymond James cut their Q4 2024 earnings per share estimates for shares of Parkit Enterprise in a report released on Monday, January 13th. Raymond James analyst B. Sturges now forecasts that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.01. The consensus estimate for Parkit Enterprise's current full-year earnings is $0.03 per share. Raymond James also issued estimates for Parkit Enterprise's FY2025 earnings at $0.04 EPS.

Parkit Enterprise Price Performance

PKT stock traded up C$0.05 during mid-day trading on Thursday, hitting C$0.70. The company had a trading volume of 1,500 shares, compared to its average volume of 24,783. The company has a 50-day moving average price of C$0.62 and a 200 day moving average price of C$0.60. Parkit Enterprise has a 12-month low of C$0.47 and a 12-month high of C$0.83. The company has a market capitalization of C$156.39 million, a price-to-earnings ratio of -35.00 and a beta of 1.97. The company has a quick ratio of 5.35, a current ratio of 2.95 and a debt-to-equity ratio of 116.60.

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.

Further Reading

Earnings History and Estimates for Parkit Enterprise (CVE:PKT)

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