AST SpaceMobile Inc reports results for the quarter ended June 30 - Earnings Summary

• AST SpaceMobile Inc ASTS.OQ reported a quarterly adjusted loss of 41 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -51 cents. The mean expectation of four analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -27 cents to -14 cents per share.

• Revenue rose 28.4% to $1.16 million from a year ago; analysts expected $8.72 million.

• AST SpaceMobile Inc's reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $99.39 million.

• AST SpaceMobile Inc shares had fallen by 0.2% this quarter and gained 121.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for AST SpaceMobile Inc is $46.95, about 0.7% above its last closing price of $46.63

This summary was machine generated from LSEG data August 11 at 09:56 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)