Viasat Inc reports results for the quarter ended in September 30 - Earnings Summary

• Viasat Inc VSAT.OQ reported a quarterly adjusted loss of $1.07​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.07. The mean expectation of eight analysts for the quarter was for a loss of 54 cents per share. Wall Street expected results to range from -65 cents to -44 cents per share.

• Revenue fell 8.4% to $1.12 billion from a year ago; analysts expected $1.11 billion.

• Viasat Inc's reported EPS for the quarter was a loss of $1.07​.

• The company reported a quarterly loss of $137.58 million.

• Viasat Inc shares had fallen by 12.1% this quarter and lost 62.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the communications & networking peer group is also "hold"

Wall Street's median 12-month price target for Viasat Inc is 24.00

This summary was machine generated from LSEG data November 7 at 05:05 a.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)