Viasat Inc reports results for the quarter ended in September 30 - Earnings Summary

ViaSat

07/11/2024 05:05

* Viasat Inc  VSAT.OQ  reported a quarterly adjusted loss of
$1.07​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.07.  The mean expectation of eight analysts for the quarter
was for a loss of 54 cents per share. Wall Street expected
results to range from -65 cents to -44 cents per share.
    * Revenue fell 8.4% to $1.12 billion from a year ago;
analysts
expected $1.11 billion. 
    * Viasat Inc's reported EPS for the quarter was a loss of
$1.07​.
    * The company reported a quarterly loss of $137.58 million.
    * Viasat Inc shares had fallen by 12.1% this quarter and
lost 62.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Viasat Inc is
24.00 
This summary was machine generated from LSEG data November 7 at
05:05 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
 Sep. 30 2024      -0.54          -1.07          Missed
 Jun. 30 2024      -0.46          -0.26          Beat
 Mar. 31 2024      -0.63          -0.80          Missed
 Dec. 31 2023      0.07           -0.99          Missed