Virgin Galactic Holdings Inc expected to post a loss of $4.92 a share - Earnings Preview

Virgin Galactic Holdings

06/08/2024 03:23

* Virgin Galactic Holdings Inc  SPCE.N   SPCE.K  is expected
to show a rise in quarterly revenue when it reports  results on
August 7 for the period ending June 30 2024
    * The Tustin California-based  company is expected to report
a
79.6% increase in revenue to $3.361 million from $1.87 million a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on May 7 2024, for the
period ended June 30, was for revenue of $3.500 million.
    * ​LSEG's mean analyst estimate for Virgin Galactic Holdings
Inc
is for a loss of $4.92 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Virgin
Galactic
Holdings Inc is $37.50​, above​ its last closing price of $5.94.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -5.79       -5.77      -5.00     Beat    13.4
 Dec. 31 0001  -6.04       -6.02      -5.20     Beat    13.7
 Jan. 1 0001   -8.46       -8.58      -5.60     Beat    34.7​
 Jun. 30 2023  -10.44      -10.22     -9.20     Beat    10
 ​​Jan.        -10.56      -10.40     -11.40    Missed  -9.6
 1 0001                                                 
 Dec. 31 2022  -10.23      -10.30     -11.00    Missed  -6.8​
 Jan. 1 0001   -8.54       -8.12      -11.00    Missed  -35.5
 Jun. 30 2022  -7.32       -7.20      -8.60     Missed  -19.4
 This summary was machine generated August 6 at 02:23 GMT.  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)