By Adriano Marchese

Bombardier is scheduled to report earnings for the third quarter Thursday morning. Here is what you need to know.

REVENUE: Analysts polled on FactSet expect third-quarter revenue for the business jet maker to rise to $2.25 billion, from $2.07 billion in the same period a year earlier.

EARNINGS PER SHARE: Wall Street projects earnings per share of $1.50, up from $1.09 a year earlier.

ADJUSTED EPS: Adjusted earnings, which strip out exceptional costs and one-off items, is expected at $1.41 a share.

In the quarter, the stock rose 64% and recently traded 1.6% higher at 198.00 Canadian dollars ($140.38).

WHAT TO WATCH:

--Investors will be interested to know more about the state of business jet orders. National Bank of Canada analyst Cameron Doerksen said business jet market indicators remain positive, citing aviation data provider WingX, which noted that global business jet departures in September rose about 11%. Flights for the current quarter were also up about 6.6% after increasing 4.2% in the second quarter.

--The defense segment has taken off for Bombardier, and Doerksen notes that there continues to be strong momentum. "The company is well-positioned to win new contracts based on its Global jet platform," he said. There are prospects for additional contract wins on the German Pegasus program, Doerksen said, as well as for electronic warfare aircraft in South Korea.

--Bombardier has guided for free cash flow in the range of $500 million to $800 million in 2025, and Doerksen said it may fall closer to the higher end of that range thanks to strong order activity. Doerksen thinks the $900 million plus target for 2026 should be sustainable for a number of years.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 05, 2025 13:42 ET (18:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.