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

• Viasat Inc VSAT.OQ reported a quarterly adjusted loss of $1.89​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -80 cents. The mean expectation of ten analysts for the quarter was for a loss of 44 cents per share. Wall Street expected results to range from -75 cents to 44 cents per share.

• Revenue fell 0.3% to $1.15 billion from a year ago; analysts expected $1.13 billion.

• Viasat Inc's reported EPS for the quarter was a loss of $1.89​.

• The company reported a quarterly loss of $246.05 million.

• Viasat Inc shares had risen by 2.8% this quarter and gained 25.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.1% 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 3 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

• Wall Street's median 12-month price target for Viasat Inc is $13.50

This summary was machine generated from LSEG data May 20 at 09:00 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)