Virgin Galactic (SPCE) closed the most recent trading day at $3.51, moving -1.96% from the previous trading session. This change lagged the S&P 500’s 0.09% gain on the day. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.98%.
Coming into today, shares of the company had lost 11.17% in the past month. In that same time, the Aerospace sector gained 2.18%, while the S&P 500 gained 4.59%.
Investors will be hoping for strength from Virgin Galactic as it approaches its next earnings release. The company is expected to report EPS of -$0.50, down 38.89% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $0.32 million, unchanged from the year-ago period.
SPCE’s full-year Zacks Consensus Estimates are calling for earnings of -$2.24 per share and revenue of $8.43 million. These results would represent year-over-year changes of -18.52% and +264.71%, respectively.
Investors might also notice recent changes to analyst estimates for Virgin Galactic. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Virgin Galactic is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace – Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Virgin Galactic Holdings, Inc. (SPCE) : Free Stock Analysis Report
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