Virgin Galactic Holdings Inc expected to post a loss of 29 cents a share - Earnings Preview

Reuters05-04

* Virgin Galactic Holdings Inc is expected to show a rise in quarterly revenue when it reports results on May 7 for the period ending March 31 2024

* The Tustin California-based company is expected to report a 389.3% increase in revenue to $1.918 million from $392 thousand a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on February 27 2024, for the period ended March 31, was for revenue of $2.000 million.

* ​LSEG's mean analyst estimate for Virgin Galactic Holdings Inc is for a loss of 29 cents 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 had fallen by about 1.9% in the last three months. ​

* Wall Street's median 12-month price target for Virgin Galactic Holdings Inc is $2.00​, above​ its last closing price of $0.95. ​​​

The company's guidance on February 27 2024 for the period ended March 31 was for Capital Expenditures between USD40 million and USD45 million. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 -0.30 -0.30 -0.26 Beat 13.7

Jan. 1 2023 -0.42 -0.43 -0.28 Beat 34.7

Jun. 30 2023 -0.52 -0.51 -0.46 Beat 10​

Mar. 31 2023 -0.53 -0.52 -0.57 Missed -9.6

​​Dec. -0.51 -0.51 -0.55 Missed -6.8

31 2022

Sep. 30 2022 -0.43 -0.41 -0.55 Missed -35.5​

Jun. 30 2022 -0.37 -0.36 -0.43 Missed -19.4

Mar. 31 2022 -0.33 -0.32 -0.36 Missed -11.3

This summary was machine generated May 4 at 02:30 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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