Terran Orbital Corp reports results for the quarter ended in June - Earnings Summary

Terran Orbital

13/08/2024 12:01

* Terran Orbital Corp  LLAP.N  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -18 cents.  The mean expectation of three analysts for the
quarter was for a loss of 19 cents per share. Wall Street
expected results to range from -20 cents to -16 cents per share.
    * Revenue fell 5.7% to $30.39 million from a year ago;
analysts
expected $34.04 million. 
    * Terran Orbital Corp's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $35.38 million.
    * Terran Orbital Corp shares had fallen by 20.8% this
quarter and
lost 43.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Terran Orbital
Corp is $3.00 
This summary was machine generated from LSEG data August 13 at
11:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.19          -0.17          Beat
 Mar. 31 2024      -0.17          -0.26          Missed
 Dec. 31 2023      -0.20          -0.21          Missed
 Sep. 30 2023      -0.19          -0.15          Beat