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

• Virgin Galactic Holdings Inc SPCE.N reported a quarterly adjusted loss of $2.38​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-5.00. The mean expectation of seven analysts for the quarter was for a loss of $2.68 per share. Wall Street expected results to range from $-3.47 to $-2.23 per share.

• Revenue fell 76.8% to $461.00 thousand from a year ago; analysts expected $400.00 thousand.

• Virgin Galactic Holdings Inc's reported EPS for the quarter was a loss of $2.38​.

• The company reported a quarterly loss of $84.49 million.

• Virgin Galactic Holdings Inc shares had risen by 17.2% this quarter and lost 39.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% 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 "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 "buy."

• Wall Street's median 12-month price target for Virgin Galactic Holdings Inc is $4.50

This summary was machine generated from LSEG data May 15 at 09:01 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)