We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Virgin Galactic Holdings, Inc. (SPCE) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Virgin Galactic Holdings, Inc. (SPCE - Free Report) closed the most recent trading day at $25.15, moving -1.53% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.31%, and the tech-heavy Nasdaq lost 2.29%.
Prior to today's trading, shares of the company had gained 64.77% over the past month. This has outpaced the Aerospace sector's loss of 1.75% and the S&P 500's gain of 5.2% in that time.
Wall Street will be looking for positivity from SPCE as it approaches its next earnings report date. This is expected to be August 3, 2020. On that day, SPCE is projected to report earnings of -$0.28 per share, which would represent a year-over-year decline of 133.33%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.05 per share and revenue of $1.82 million. These totals would mark changes of +3.67% and +244.05%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SPCE. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. SPCE is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Virgin Galactic Holdings, Inc. (SPCE) Dips More Than Broader Markets: What You Should Know
Virgin Galactic Holdings, Inc. (SPCE - Free Report) closed the most recent trading day at $25.15, moving -1.53% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.31%, and the tech-heavy Nasdaq lost 2.29%.
Prior to today's trading, shares of the company had gained 64.77% over the past month. This has outpaced the Aerospace sector's loss of 1.75% and the S&P 500's gain of 5.2% in that time.
Wall Street will be looking for positivity from SPCE as it approaches its next earnings report date. This is expected to be August 3, 2020. On that day, SPCE is projected to report earnings of -$0.28 per share, which would represent a year-over-year decline of 133.33%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.05 per share and revenue of $1.82 million. These totals would mark changes of +3.67% and +244.05%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SPCE. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. SPCE is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.