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Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know
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Virgin Galactic (SPCE - Free Report) closed the most recent trading day at $32.03, moving -1.14% from the previous trading session. This change lagged the S&P 500's 1.52% gain on the day.
Heading into today, shares of the company had lost 10.05% over the past month, lagging the Aerospace sector's loss of 6.31% and the S&P 500's gain of 2.41% in that time.
SPCE will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. On that day, SPCE is projected to report earnings of -$0.30 per share, which would represent no growth from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.20 per share and revenue of $1.84 million. These totals would mark changes of +4% and +671.01%, respectively, from last year.
Any recent changes to analyst estimates for SPCE should also be noted by investors. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SPCE currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know
Virgin Galactic (SPCE - Free Report) closed the most recent trading day at $32.03, moving -1.14% from the previous trading session. This change lagged the S&P 500's 1.52% gain on the day.
Heading into today, shares of the company had lost 10.05% over the past month, lagging the Aerospace sector's loss of 6.31% and the S&P 500's gain of 2.41% in that time.
SPCE will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. On that day, SPCE is projected to report earnings of -$0.30 per share, which would represent no growth from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.20 per share and revenue of $1.84 million. These totals would mark changes of +4% and +671.01%, respectively, from last year.
Any recent changes to analyst estimates for SPCE should also be noted by investors. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SPCE currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.