Telesat Corp reports results for the quarter ended December 31 - Earnings Summary

• Telesat Corp TSAT.OQ reported a quarterly adjusted loss of C$8.06​​ per share for the quarter ended December 31. The mean expectation of three analysts for the quarter was for a loss of C$3.76 per share. Wall Street expected results

• Revenue was C$128.00 million​; analysts expected C$121.65 million.

• Telesat Corp's reported EPS for the quarter was a loss of C$8.97​.

• The company reported a quarterly loss of C$126.31 million.

• Telesat Corp shares had risen by 25.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the wireless telecommunications services peer group is "hold."

Wall Street's median 12-month price target for Telesat Corp is $20.50

This summary was machine generated from LSEG data March 27 at 01:30 p.m. UTC. ​All figures in Canadian 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)