What is HC Wainwright’s Estimate for SRFM FY2029 Earnings?

Surf Air Mobility Inc. (NYSE:SRFM) – Investment analysts at HC Wainwright dropped their FY2029 EPS estimates for Surf Air Mobility in a research note issued to investors on Friday, March 13th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $0.03 for the year, down from their previous estimate of $0.07. HC Wainwright also issued estimates for Surf Air Mobility’s FY2030 earnings at $0.46 EPS.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Surf Air Mobility in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Surf Air Mobility currently has an average rating of “Hold” and an average target price of $3.75.

Surf Air Mobility Stock Down 22.1%

Shares of SRFM opened at $1.47 on Monday. Surf Air Mobility has a fifty-two week low of $1.44 and a fifty-two week high of $9.91. The firm’s 50 day moving average price is $2.24 and its 200 day moving average price is $3.01. The company has a market cap of $112.79 million, a P/E ratio of -0.42 and a beta of 3.00.

Institutional Trading of Surf Air Mobility

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Surf Air Mobility by 18,757.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock worth $28,000 after buying an additional 6,565 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Surf Air Mobility by 7,157.9% in the 3rd quarter. Bank of America Corp DE now owns 10,161 shares of the company’s stock valued at $44,000 after acquiring an additional 10,021 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Surf Air Mobility during the 4th quarter worth about $45,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Surf Air Mobility during the 3rd quarter worth about $47,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Surf Air Mobility during the third quarter worth approximately $47,000. 17.68% of the stock is currently owned by institutional investors and hedge funds.

Key Surf Air Mobility News

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Partnership with BETA Technologies to launch the first commercial passenger electric aircraft — a major long‑term commercial and technological catalyst for Surf Air’s electrification strategy. BETA to launch first commercial passenger electric aircraft with Surf Air Mobility
• Positive Sentiment: Management outlined a 20–30% revenue growth target for 2026 tied to a platform pivot (SurfOS) and the BETA partnership — an explicit growth roadmap that supports a higher forward‑revenue profile. Surf Air Mobility outlines 20–30% revenue growth target for 2026 with platform pivot and BETA Technologies partnership
• Positive Sentiment: Company issued FY‑2026 revenue guidance of $128M–$138M (above recent consensus), signaling management expects meaningful top‑line acceleration next year. Surf Air Mobility Reports Fourth Quarter and Full Year 2025 Financial Results and Announces Guidance for 2026
• Neutral Sentiment: Q4 revenue roughly in line with estimates (beat some consensus figures) but with weakening gross profit — revenue performance offers context but not a clear near‑term margin recovery. Surf Air Mobility Inc. (SRFM) Reports Q4 Loss, Beats Revenue Estimates
• Neutral Sentiment: Earnings call and management commentary reiterated the strategic shift to software (SurfOS) and electrification — important for long‑term thesis but requires execution and capital. Surf Air Mobility Inc. (SRFM) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 EPS missed and the company reported a large net loss, steep operating loss and a significant decline in cash balances — near‑term profitability and runway concerns are pressuring sentiment. Surf Air Mobility Inc. (SRFM) Stock Falls on Q4 2025 Earnings
• Negative Sentiment: Q1 2026 revenue guidance ($24M–$26M) came in below Street expectations, creating short‑term growth concern even as FY guidance was raised. Press Release / Earnings Materials (Guidance)
• Negative Sentiment: Analyst downgrade citing limited near‑term earnings improvement and dilution risk; this and visible institutional selling increase downside pressure until clearer cash/EBITDA progress. Surf Air Mobility: Downgrade On Lack Of Earnings Improvement For 2026 And Dilution Risk

About Surf Air Mobility

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.