Virgin Galactic (SPCE) Set to Announce Earnings on Tuesday

Virgin Galactic (NYSE:SPCE) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Virgin Galactic to post earnings of ($0.26) per share for the quarter. Virgin Galactic has set its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Virgin Galactic (NYSE:SPCE) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.05. The company had revenue of $2.81 million for the quarter, compared to the consensus estimate of $2.99 million. Virgin Galactic had a negative net margin of 7,387.31% and a negative return on equity of 102.01%. On average, analysts expect Virgin Galactic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Virgin Galactic Price Performance

Virgin Galactic stock opened at $0.95 on Monday. The company has a quick ratio of 5.03, a current ratio of 5.12 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.77. Virgin Galactic has a 12-month low of $0.70 and a 12-month high of $6.17.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Virgin Galactic from $1.75 to $1.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Truist Financial lowered their price target on Virgin Galactic from $3.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.30.

About Virgin Galactic

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.