AST SpaceMobile Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters
2024-11-15

* AST SpaceMobile Inc reported a quarterly adjusted loss of $1.10​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of two analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -23 cents to -18 cents per share.

* Revenue was $1.10 million​; analysts expected $24.13 million.

* AST SpaceMobile Inc's reported EPS for the quarter was a loss of $1.10​.

* The company reported a quarterly loss of $171.95 million.

* AST SpaceMobile Inc shares had risen by 2.5% this quarter and gained 344.4% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 4.7% 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for AST SpaceMobile Inc is 36.00 This summary was machine generated from LSEG data November 15 at 02:04 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

Sep. 30 2024 -0.20 -1.10 Missed

Jun. 30 2024 -0.22 -0.51 Missed

Mar. 31 2024 -0.21 -0.16 Beat

Dec. 31 2023 -0.23 -0.35 Missed

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