MDA Space (NYSE:MDA) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

MDA Space (NYSE:MDA - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.05, Zacks reports.MDA Space Stock Up 0.9%MDA traded up $0.31 on Friday, hitting $34.56. The company's stock had a trading volume of 562,150 shares, compared to its average volume of 748,796. MDA Space has a 12 month low of $23.23 and a 12 month high of $37.45. Wall Street Analysts Forecast GrowthMDA has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised shares of MDA Space to a "strong-buy" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group assumed coverage on shares of MDA Space in a research note on Monday, April 6th. They issued a "buy" rating and a $41.00 price objective for the company. Weiss Ratings started coverage on shares of MDA Space in a research report on Wednesday, April 8th. They set a "buy (b-)" rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on MDA Space in a research note on Monday, April 6th. They issued an "overweight" rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, MDA Space currently has a consensus rating of "Buy" and a consensus price target of $37.50.Read Our Latest Stock Report on MDAAbout MDA Space (Get Free Report)MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.See AlsoFive stocks we like better than MDA SpaceBuffett Spent 60 Years Ignoring Tech and the Bill Is Coming DueExcited About Gold But Unsure of Its Trajectory? Try These 3 ApproachesDollar at a 3-Year Low: 3 Exporters Quietly Printing MoneyWater Infrastructure: Why This Boring Sector Could Get ExcitingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MDA Space Right Now?Before you consider MDA Space, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MDA Space wasn't on the list.While MDA Space currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here