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 (SPCE) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Virgin Galactic (SPCE - Free Report) ended the recent trading session at $2.33, demonstrating a -0.43% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.18%. Meanwhile, the Dow experienced a rise of 0.07%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Prior to today's trading, shares of the company had gained 4.93% over the past month. This has outpaced the Aerospace sector's gain of 1.8% and the S&P 500's gain of 2.75% in that time.
The investment community will be paying close attention to the earnings performance of Virgin Galactic in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.30, reflecting a 45.45% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.99 million, indicating a 243.1% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Virgin Galactic. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Virgin Galactic is holding a Zacks Rank of #2 (Buy) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 33% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know
Virgin Galactic (SPCE - Free Report) ended the recent trading session at $2.33, demonstrating a -0.43% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.18%. Meanwhile, the Dow experienced a rise of 0.07%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Prior to today's trading, shares of the company had gained 4.93% over the past month. This has outpaced the Aerospace sector's gain of 1.8% and the S&P 500's gain of 2.75% in that time.
The investment community will be paying close attention to the earnings performance of Virgin Galactic in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.30, reflecting a 45.45% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.99 million, indicating a 243.1% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Virgin Galactic. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Virgin Galactic is holding a Zacks Rank of #2 (Buy) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 33% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.