Raymond James Issues Negative Forecast for CVE:PKT Earnings

Parkit Enterprise Inc. (CVE:PKT) – Equities researchers at Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for shares of Parkit Enterprise in a research report issued to clients and investors on Monday, January 13th. Raymond James analyst B. Sturges now expects that the company will earn $0.00 per share for the quarter, down from their prior forecast 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 Stock Up 7.7 %

Shares of Parkit Enterprise stock opened at C$0.70 on Thursday. The company has a current ratio of 2.95, a quick ratio of 5.35 and a debt-to-equity ratio of 116.60. 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 cap of C$156.39 million, a P/E ratio of -35.00 and a beta of 1.97. The company’s fifty day simple moving average is C$0.62 and its two-hundred day simple moving average is C$0.60.

About Parkit Enterprise

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.