Virgin Galactic Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Virgin Galactic Holdings Inc SPCE.N reported a quarterly adjusted loss of $1.41​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-4.36. The mean expectation of six analysts for the quarter was for a loss of $2.34 per share. Wall Street expected results to range from $-2.98 to $-1.92 per share.

• Revenue fell 90.4% to $406.00 thousand from a year ago; analysts expected $540.00 thousand.

• Virgin Galactic Holdings Inc's reported EPS for the quarter was a loss of $1.47​.

• The company reported a quarterly loss of $67.28 million.

• Virgin Galactic Holdings Inc shares had risen by 46.2% this quarter and lost 32.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 2 "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 $3.88, about 2.5% below its last closing price of $3.78

This summary was machine generated from LSEG data August 7 at 01:41 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)