Virgin Galactic Q4 Earnings Preview: Analyst Estimates, Flight Frequency Concerns — Could Recent Moon Landing Provide Boost For Shares?
Portfolio Pulse from Chris Katje
Virgin Galactic Holdings Inc (NYSE:SPCE) is set to report its Q4 financial results, with analysts expecting a revenue of $2.98 million and a loss of 30 cents per share. The company has previously beaten revenue estimates in 8 of the last 10 quarters but has a mixed record on earnings per share. Analysts have mixed views, with Morgan Stanley downgrading the stock due to a pause in space flights, while Truist Securities upgraded it. Key items for investors include updates on flight schedules, reservations, and the company's financial health. SPCE shares are currently up 5.06% at $1.87.
February 27, 2024 | 5:02 pm
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Virgin Galactic is anticipated to report a Q4 revenue of $2.98 million and a loss of 30 cents per share. The company's decision to pause space flights has led to mixed analyst ratings, with a notable downgrade from Morgan Stanley and an upgrade from Truist Securities. Investors are keen on updates regarding flight schedules, reservations, and the company's financial standing.
The mixed analyst ratings and the anticipation of the Q4 earnings report create uncertainty around SPCE's short-term stock price movement. The focus on flight schedules and financial health could sway investor sentiment, but the recent share price increase suggests a cautiously optimistic outlook. The company's performance against earnings estimates and updates on its operational progress will be critical in determining the short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100