Viasat Inc reports results for the quarter ended December 31 - Earnings Summary

• Viasat Inc VSAT.OQ reported a quarterly adjusted loss of $1.23​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -99 cents. The mean expectation of nine analysts for the quarter was for a loss of 58 cents per share. Wall Street expected results to range from -87 cents to 14 cents per share.

• Revenue fell 0.4% to $1.12 billion from a year ago; analysts expected $1.12 billion.

• Viasat Inc's reported EPS for the quarter was a loss of $1.23​.

• The company reported a quarterly loss of $158.41 million.

• Viasat Inc shares had risen by 8.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "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 $12.00

This summary was machine generated from LSEG data February 6 at 11:44 p.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)