Virgin Galactic Holdings Inc reports results for the quarter ended in June - Earnings Summary
07/08/2024 22:02
* Virgin Galactic Holdings Inc SPCE.N reported a quarterly
adjusted loss of $4.36 per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-9.20. The mean expectation of ten analysts
for the quarter was for a loss of $4.92 per share. Wall Street
expected results to range from $-5.80 to $-3.19 per share.
* Revenue rose 125.5% to $4.22 million from a year ago;
analysts
expected $3.36 million.
* Virgin Galactic Holdings Inc's reported EPS for the
quarter was
a loss of $4.36.
* The company reported a quarterly loss of $93.78 million.
* Virgin Galactic Holdings Inc shares had fallen by 33.1%
this
quarter and lost 88.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
RECOMMENDATIONS
* 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 average consensus recommendation for the aerospace &
defense
peer group is also "hold"
Wall Street's median 12-month price target for Virgin Galactic
Holdings Inc is $37.50
This summary was machine generated from LSEG data August 7 at
09:01 p.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 -4.92 -4.36 Beat
Mar. 31 2024 -5.77 -5.00 Beat
Dec. 31 2023 -6.02 -5.20 Beat
Sep. 30 2023 -8.58 -5.60 Beat