Virgin Galactic Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
Virgin Galactic Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
Virgin Galactic Holdings Inc SPCE.N reported a quarterly adjusted loss of 58 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.41. The mean expectation of eight analysts for the quarter was for a loss of 64 cents per share. Wall Street expected results to range from -70 cents to -59 cents per share.
Revenue fell 67% to $134.00 thousand from a year ago; analysts expected $126.67 thousand.
Virgin Galactic Holdings Inc's reported EPS for the quarter was a loss of 50 cents.
The company reported a quarterly loss of $55.89 million.
Virgin Galactic Holdings Inc shares had risen by 13.8% this quarter and gained 2.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 16.9% 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," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Virgin Galactic Holdings Inc is $3.03, about 8.8% below its last closing price of $3.29
This summary was machine generated from LSEG data August 12 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 2026 | -0.64 | -0.58 | Beat |
Mar. 31 2026 | -0.86 | -0.81 | Beat |
Dec. 31 2025 | -1.03 | -0.98 | Beat |
Sep. 30 2025 | -1.44 | -1.09 | Beat |