Virgin Galactic Holdings (NYSE:SPCE) Third Quarter 2024 Results
Key Financial Results
- Net loss: US$74.5m (loss narrowed by 29% from 3Q 2023).
- US$2.67 loss per share (improved from US$5.57 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Virgin Galactic Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) also surpassed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are down 4.4% from a week ago.
Risk Analysis
Be aware that Virgin Galactic Holdings is showing 3 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
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Discover if Virgin Galactic Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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