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When is the Earnings Report For CAE?

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when is the earnings report for cae 11241
when is the earnings report for cae 11241

If you’re looking to see what the company has to say about the company’s performance this year, you may be wondering when is the earnings report for CAE. CAE is one of the most underrated stocks in the S&P 500 index and has outperformed the market so far. However, this stock’s performance may be misleading. Rather than focusing on earnings per share, you should pay attention to how the company is achieving its goals.

CAE reported quarterly earnings on March 26. Its fiscal fourth quarter results were better than Wall Street expectations, coming in at $43.5 million and earning an adjusted 23 cents a share. CAE also topped the expectations of eight analysts surveyed by Zacks Investment Research, who had forecasted earnings per share of 18 cents a share. CAE had revenue of $754 million during the period, beating the eight analysts’ consensus estimate of $755 million.

CAE expects its capital expenditures in fiscal year 2023 to total $250 million, primarily to support accretive and sustainable growth opportunities. The company typically invests more in non-cash working capital accounts in the first half of the year, and expects this to reverse in the second half of the year. Management is targeting a 100% conversion of adjusted net income to free cash flow within 15 months. However, if CAE is able to maintain its current operating practices, its capital expenditures will decline below three times within 15 months.

CAE Inc. provides training solutions for the defense and civil aviation industries. Its solutions for training personnel in aircraft include synthetic exercises and simulators, as well as crew sourcing services, digitally enabled crew management, and optimization software. The company generates revenues from its three segments: Civil Aviation, Defense and Security, and Simulation & Training. Its Civil Aviation segment provides training solutions for pilots, cabin crew, and maintenance workers. The Defense and Security segment offers mission support and simulation services to the United States, and Military and Government customers.

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