Zacks Research Issues Optimistic Estimate for HOVR Earnings

New Horizon Aircraft Ltd. (NASDAQ:HOVR) – Equities research analysts at Zacks Research increased their Q1 2027 earnings per share estimates for shares of New Horizon Aircraft in a research note issued on Friday, July 17th. Zacks Research analyst B. Lantier now forecasts that the company will post earnings of ($0.08) per share for the quarter, up from their previous forecast of ($0.13). The consensus estimate for New Horizon Aircraft’s current full-year earnings is ($0.34) per share. Zacks Research also issued estimates for New Horizon Aircraft’s Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.10) EPS and FY2027 earnings at ($0.34) EPS.

HOVR has been the subject of several other reports. Wall Street Zen raised shares of New Horizon Aircraft from a “strong sell” rating to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of New Horizon Aircraft in a research report on Wednesday, July 15th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $11.00 price target on shares of New Horizon Aircraft in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, New Horizon Aircraft presently has an average rating of “Hold” and an average target price of $14.50.

New Horizon Aircraft Price Performance

HOVR opened at $1.85 on Thursday. The stock has a market capitalization of $104.30 million, a PE ratio of -3.25 and a beta of 3.84. The firm’s fifty day moving average price is $2.16 and its 200 day moving average price is $1.99. New Horizon Aircraft has a 12-month low of $1.16 and a 12-month high of $4.18.

New Horizon Aircraft (NASDAQ:HOVR) last released its earnings results on Thursday, July 16th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02.

Institutional Trading of New Horizon Aircraft

Several institutional investors have recently added to or reduced their stakes in HOVR. Bank of America Corp DE bought a new position in shares of New Horizon Aircraft in the 2nd quarter worth about $27,000. LPL Financial LLC acquired a new stake in New Horizon Aircraft during the fourth quarter worth about $35,000. Scientech Research LLC bought a new position in New Horizon Aircraft in the third quarter worth about $35,000. Gabelli Funds LLC boosted its stake in New Horizon Aircraft by 72.9% in the first quarter. Gabelli Funds LLC now owns 25,306 shares of the company’s stock valued at $36,000 after acquiring an additional 10,673 shares during the period. Finally, Marshall Wace LLP acquired a new position in New Horizon Aircraft in the second quarter valued at approximately $38,000. Institutional investors own 65.97% of the company’s stock.

Key New Horizon Aircraft News

Here are the key news stories impacting New Horizon Aircraft this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including Q1, Q2, Q3, and Q4 2027, as well as full-year 2027 and 2028, signaling slightly better expectations for New Horizon Aircraft’s financial trajectory. New Horizon Aircraft analyst estimate updates
• Neutral Sentiment: The revised forecasts still call for losses in every period covered, with estimates such as a FY2027 loss of $0.34 per share and FY2028 loss of $0.42 per share, so profitability remains distant. New Horizon Aircraft analyst estimate updates
• Neutral Sentiment: New Horizon Aircraft recently reported a quarterly EPS loss of $0.09, which beat the consensus estimate of a $0.11 loss, but the result still reflected ongoing unprofitability. New Horizon Aircraft earnings results
• Negative Sentiment: Despite improved estimates, investors may be focusing on the company’s continued losses and the challenge of reaching breakeven, which can weigh on the stock. New Horizon Aircraft outlook

About New Horizon Aircraft

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.