Virgin Galactic Holdings Inc expected to post a loss of $4.09 a share - Earnings Preview

Reuters
2024-11-05

* Virgin Galactic Holdings Inc is expected to show a rise in quarterly revenue when it reports results on November 6 for the period ending September 30 2024

* The Tustin California-based company is expected to report a 29.2% increase in revenue to $2.233 million from $1.73 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Virgin Galactic Holdings Inc is for a loss of $4.09 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 $7.00​, above​ its last closing price of $6.42. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -4.93 -4.92 -4.36 Beat 11.5

Mar. 31 2024 -5.79 -5.77 -5.00 Beat 13.4

Dec. 31 2023 -6.04 -6.02 -5.20 Beat 13.7​

Sep. 30 2023 -8.46 -8.58 -5.60 Beat 34.7

​​Jun. -10.44 -10.22 -9.20 Beat 10

30 2023

Jan. 1 0001 -10.56 -10.40 -11.40 Missed -9.6​

Dec. 31 2022 -10.23 -10.30 -11.00 Missed -6.8

Sep. 30 2022 -8.54 -8.12 -11.00 Missed -35.5

This summary was machine generated November 5 at 00:00 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)

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