What is Northland Securities’ Estimate for SRFM Q3 Earnings?

Surf Air Mobility Inc. (NYSE:SRFM) – Research analysts at Northland Securities increased their Q3 2026 earnings estimates for Surf Air Mobility in a research report issued to clients and investors on Tuesday, August 11th. Northland Securities analyst M. Latimore now anticipates that the company will post earnings of ($0.14) per share for the quarter, up from their prior estimate of ($0.17). Northland Securities currently has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.66) per share. Northland Securities also issued estimates for Surf Air Mobility’s Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.71) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.13) EPS, Q3 2027 earnings at ($0.14) EPS, Q4 2027 earnings at ($0.13) EPS, FY2027 earnings at ($0.53) EPS and FY2028 earnings at ($0.48) EPS.

Other equities analysts have also recently issued research reports about the stock. Alliance Global Partners initiated coverage on shares of Surf Air Mobility in a research report on Friday, May 1st. They issued a “buy” rating and a $2.75 price target for the company. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. HC Wainwright reiterated a “buy” rating on shares of Surf Air Mobility in a report on Tuesday. Canaccord Genuity Group set a $1.50 target price on Surf Air Mobility in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Surf Air Mobility from a “sell” rating to a “hold” rating in a report on Sunday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Surf Air Mobility has an average rating of “Hold” and an average price target of $3.08.

Surf Air Mobility Stock Down 3.0%

Shares of SRFM opened at $0.78 on Thursday. The company has a market cap of $95.97 million, a P/E ratio of -0.49 and a beta of 2.83. Surf Air Mobility has a fifty-two week low of $0.67 and a fifty-two week high of $6.17. The firm’s 50 day moving average price is $0.92 and its 200 day moving average price is $1.32.

Institutional Trading of Surf Air Mobility

A number of institutional investors have recently modified their holdings of SRFM. Vanguard Group Inc. lifted its holdings in Surf Air Mobility by 233.2% in the third quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company’s stock valued at $8,093,000 after acquiring an additional 1,320,353 shares during the period. Raymond James Financial Inc. boosted its holdings in Surf Air Mobility by 81,240.1% during the third quarter. Raymond James Financial Inc. now owns 952,492 shares of the company’s stock worth $4,086,000 after buying an additional 951,321 shares in the last quarter. HRT Financial LP purchased a new position in Surf Air Mobility in the second quarter valued at about $2,212,000. Geode Capital Management LLC lifted its position in shares of Surf Air Mobility by 103.6% during the 4th quarter. Geode Capital Management LLC now owns 552,374 shares of the company’s stock valued at $1,072,000 after acquiring an additional 281,045 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Surf Air Mobility by 3,450.8% in the 3rd quarter. Millennium Management LLC now owns 488,272 shares of the company’s stock worth $2,095,000 after acquiring an additional 474,521 shares during the period. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Surf Air Mobility

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

• Positive Sentiment: Northland Securities raised its earnings forecasts across multiple periods. The firm improved its FY2026 EPS estimate to $(0.71) from $(0.80), FY2027 to $(0.53) from $(0.65), and FY2028 to $(0.48) from $(0.58). It also raised estimates for several 2026 and 2027 quarters. Northland maintained an “Outperform” rating and a $5.00 price target, substantially above SRFM’s recent sub-$1 trading level. Northland Securities estimates
• Positive Sentiment: Second-quarter results improved the company’s forward outlook. Stonegate Capital Partners said revenue reached the high end of guidance despite elevated fuel costs and weather-related disruption in Hawaii. The first SurfOS enterprise contract also advanced commercialization efforts for Surf Air’s operating-system technology. Stonegate Capital Partners coverage update
• Positive Sentiment: HC Wainwright improved its near-term outlook and retained a “Buy” rating. The firm raised its Q3 2026 EPS estimate to $(0.11) from $(0.14) and Q4 2026 to $(0.08) from $(0.09), suggesting losses may narrow faster than previously expected. HC Wainwright estimates
• Neutral Sentiment: Surf Air completed a second tranche of secured financing. The transaction provides additional capital for operations and commercialization, but secured debt increases financial obligations for a company with a market capitalization of roughly $96 million and a negative P/E ratio. Surf Air secured financing
• Negative Sentiment: Longer-term analyst forecasts were mixed. HC Wainwright cut FY2026 EPS to $(0.69) from $(0.59), FY2028 to $(0.09) from $(0.02), FY2029 to $0.28 from $0.40 and FY2030 to $0.66 from $0.90. These reductions temper the bullish impact of the near-term estimate increases.

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.