Latest news with #SPCE
Business Insider
17-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Virgin Galactic Holdings (SPCE) and Electrovaya (ELVA)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Virgin Galactic Holdings (SPCE – Research Report) and Electrovaya (ELVA – Research Report) with bullish sentiments. Confident Investing Starts Here: Virgin Galactic Holdings (SPCE) In a report released yesterday, Greg Konrad from Jefferies maintained a Buy rating on Virgin Galactic Holdings, with a price target of $8.00. The company's shares closed last Friday at $4.80, close to its 52-week low of $2.85. According to Konrad is ranked #9148 out of 9558 analysts. The word on The Street in general, suggests a Hold analyst consensus rating for Virgin Galactic Holdings with a $14.58 average price target, representing a 289.8% upside. In a report issued on May 15, TD Cowen also maintained a Buy rating on the stock with a $4.50 price target. Electrovaya (ELVA) In a report issued on May 15, Amit Dayal from H.C. Wainwright maintained a Buy rating on Electrovaya, with a price target of $10.00. The company's shares closed last Friday at $3.04. According to Dayal is ranked 0 out of 5 stars with an average return of -18.7% and a 28.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Amprius Technologies Inc, and Surf Air Mobility, Inc. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electrovaya with a $5.00 average price target, implying a 61.8% upside from current levels. In a report issued on May 7, Craig-Hallum also maintained a Buy rating on the stock.
Yahoo
16-05-2025
- Business
- Yahoo
Virgin Galactic (SPCE) Reports Q1 Loss, Tops Revenue Estimates
Virgin Galactic (SPCE) came out with a quarterly loss of $2.38 per share versus the Zacks Consensus Estimate of a loss of $2.23. This compares to loss of $5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.73%. A quarter ago, it was expected that this company would post a loss of $3.60 per share when it actually produced a loss of $2.53, delivering a surprise of 29.72%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Virgin Galactic , which belongs to the Zacks Aerospace - Defense industry, posted revenues of $0.46 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 15.25%. This compares to year-ago revenues of $1.99 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Virgin Galactic shares have lost about 39.6% since the beginning of the year versus the S&P 500's gain of 0.2%. While Virgin Galactic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Virgin Galactic: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$2.10 on $0.4 million in revenues for the coming quarter and -$8.72 on $2.3 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Aerospace sector, Heico Corporation (HEI), is yet to report results for the quarter ended April 2025. The results are expected to be released on May 27. This company is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of +17.1%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level. Heico Corporation's revenues are expected to be $1.06 billion, up 10.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virgin Galactic Holdings, Inc. (SPCE) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
16-05-2025
- Business
- Yahoo
Virgin Galactic Stock Skyrockets on Results, Flight Plans
Virgin Galactic results and plans for future flights sent shares of the space tourism firm soaring 35% Friday. The company founded by billionaire Richard Branson posted a lower loss and higher revenue than expected. Virgin Galactic plans to begin flights with its new Delta Class SpaceShips next year, and expects to charge more than the prior $600,000 for passenger of Virgin Galactic Holdings (SPCE) blasted off Friday, a day after the space tourism provider reported better-than-anticipated results, cut costs, and announced its flight plans. The company will also raise prices on trips next year. The firm started by billionaire Richard Branson posted a first-quarter loss of $2.38 per share, far narrower than last year's $5.10 per share and $0.30 per share less than the Visible Alpha consensus estimate. Revenue slumped 77% year-over-year to $461,000, but that also topped forecasts. The company explained that the decrease was the result of its pause in commercial flights so it could focus on producing its new Delta Class SpaceShips. Operating expenses slid 21% to $88.9 million. Virgin Galactic said it plans to fly its first Delta Class SpaceShips carrying payloads in the summer of 2026, with passenger flights scheduled for the fall. The company noted it is also halfway through a feasibility study of adding a second spaceport in Italy. On the earnings call, CEO Michael Colglazier said that pricing for the Delta flights "has not been set, although we expect the price will increase relative to our last price of $600,000," according to a transcript provided by AlphaSense. Despite today's 35% surge, Virgin Galactic Holdings shares have lost about a quarter of their value this year. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Virgin Galactic Stock Soars 20% on Better-Than-Expected Q1 Results
Virgin Galactic (NYSE:SPCE) shares climbed about 20% in pre-market trading on Friday after the space tourism company topped Q1 forecasts and stuck to its flight schedule. The company reported a net loss of $84.5 million, or $2.38 per share, for the quarter, an improvement from the $5.10 per-share loss a year ago. Revenue slid to $0.5 million from $2.0 million in Q1 2024, reflecting the ongoing pause in commercial flights as development continues on its Delta-class spacecraft. Warning! GuruFocus has detected 5 Warning Signs with SPCE. Operating expenses fell 21% year over year to $89 million, helping narrow the quarterly deficit. Adjusted EBITDA improved to a negative $72 million, versus $87 million last year. Free cash flow remained roughly flat at $122 million, with $567 million in liquidity on hand. Management reiterated plans to fly its first research payloads in summer 2026 and begin private astronaut missions in fall 2026, but offered no acceleration to that timeline. With cash burn persisting and no change to its roadmap, investors may remain cautious despite the better-than-expected results. Based on the one year price targets offered by 7 analysts, the average target price for Virgin Galactic Holdings Inc is $8.82 with a high estimate of $36.00 and a low estimate of $1.00. The average target implies a upside of +163.33% from the current price of $3.35. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Virgin Galactic Stock Soars 20% on Better-Than-Expected Q1 Results
Virgin Galactic (NYSE:SPCE) shares climbed about 20% in pre-market trading on Friday after the space tourism company topped Q1 forecasts and stuck to its flight schedule. The company reported a net loss of $84.5 million, or $2.38 per share, for the quarter, an improvement from the $5.10 per-share loss a year ago. Revenue slid to $0.5 million from $2.0 million in Q1 2024, reflecting the ongoing pause in commercial flights as development continues on its Delta-class spacecraft. Warning! GuruFocus has detected 5 Warning Signs with SPCE. Operating expenses fell 21% year over year to $89 million, helping narrow the quarterly deficit. Adjusted EBITDA improved to a negative $72 million, versus $87 million last year. Free cash flow remained roughly flat at $122 million, with $567 million in liquidity on hand. Management reiterated plans to fly its first research payloads in summer 2026 and begin private astronaut missions in fall 2026, but offered no acceleration to that timeline. With cash burn persisting and no change to its roadmap, investors may remain cautious despite the better-than-expected results. Based on the one year price targets offered by 7 analysts, the average target price for Virgin Galactic Holdings Inc is $8.82 with a high estimate of $36.00 and a low estimate of $1.00. The average target implies a upside of +163.33% from the current price of $3.35. This article first appeared on GuruFocus.
