Virgin Galactic Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• Virgin Galactic Holdings Inc SPCE.N reported a quarterly adjusted loss of $2.53​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-5.20. The mean expectation of eight analysts for the quarter was for a loss of $3.12 per share. Wall Street expected results to range from $-4.21 to $-2.71 per share.

• Revenue fell 84.7% to $429.00 thousand from a year ago; analysts expected $2.20 million.

• Virgin Galactic Holdings Inc's reported EPS for the quarter was a loss of $2.53​.

• The company reported a quarterly loss of $76.41 million.

• Virgin Galactic Holdings Inc shares had fallen by 34.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.1% 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," 4 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "hold"

Wall Street's median 12-month price target for Virgin Galactic Holdings Inc is $7.00

This summary was machine generated from LSEG data February 27 at 06:17 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)