Telesat Q1 2024 GAAP EPS $(0.80) Misses $0.04 Estimate, Sales $152.177M Beat $113.850M Estimate
Portfolio Pulse from Benzinga Newsdesk
Telesat (NASDAQ:TSAT) reported Q1 2024 GAAP EPS of $(0.80), missing the $0.04 estimate by 2103.25%, but sales of $152.177M exceeded the $113.850M estimate by 33.67%, marking a 12.16% increase from the previous year.

May 10, 2024 | 11:04 am
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NEUTRAL IMPACT
Telesat's Q1 2024 earnings report showed a significant miss on EPS estimates but a strong beat on sales forecasts, indicating mixed financial health.
The significant miss on the EPS estimate could concern investors about profitability, potentially putting downward pressure on the stock. However, the substantial beat on sales estimates and year-over-year growth might counterbalance concerns by indicating strong demand for Telesat's offerings. The mixed nature of the report makes the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100