Virgin Galactic Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary
07/11/2024 04:51
* Virgin Galactic Holdings Inc SPCE.N reported a quarterly
adjusted loss of $2.66 per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $-5.60. The mean expectation of
ten analysts for the quarter was for a loss of $4.09 per share.
Wall Street expected results to range from $-5.20 to $-2.82 per
share.
* Revenue fell 76.7% to $402.00 thousand from a year ago;
analysts
expected $2.23 million.
* Virgin Galactic Holdings Inc's reported EPS for the
quarter was
a loss of $2.66.
* The company reported a quarterly loss of $74.54 million.
* Virgin Galactic Holdings Inc shares had risen by 12.8%
this
quarter and lost 86.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 7.3%
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 "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 7.00
This summary was machine generated from LSEG data November 7 at
04:51 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 -4.09 -2.66 Beat
Jun. 30 2024 -4.92 -4.36 Beat
Mar. 31 2024 -5.77 -5.00 Beat
Dec. 31 2023 -6.02 -5.20 Beat