We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
AST SpaceMobile to Post Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
AST SpaceMobile (ASTS - Free Report) is set to report its fourth-quarter 2024 results on March 3, after the closing bell. In the last reported quarter, the company's bottom line fell short of the Zacks Consensus Estimate by 6 cents. It is expected to report a top-line improvement year over year, backed by healthy momentum in both the government and private sector.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Factors at Play
During the quarter, ASTS has effectively deployed its initial set of five commercial satellites. The company highlighted that the BlueBird 1-5 satellites represent the largest commercial communications arrays to be sent into low Earth orbit. Utilizing large phased array antennas, AST SpaceMobile's technology is backed by more than 3,450 patents and patent-pending claims. This design aims to deliver worldwide cellular coverage by eradicating dead zones and providing space-based broadband to areas that lack service. By connecting directly to standard smartphones at broadband speeds, these advanced phased arrays eliminate the need for special equipment.
In the quarter under review, Space Development Agency has selected ASTS for various prototype demonstration projects under the Hybrid Acquisition for proliferated Low-earth Orbit program. The strategic collaboration with SDA will allow ASTS to develop cutting edge space based technologies for several government applications.
ASTS has entered into a definitive agreement with Vodafone Group. The partnership, which extends through 2034, will allow Vodafone to provide space-based cellular broadband services in its home markets and across its Partner Markets program, helping to expand broadband coverage globally. The company is steadily extending its collaboration with major telecom players in the United States, such as AT&T and Verizon, to tap into a pre-existing pool of cell customers as well as avail funds to expedite the development of its worldwide satellite network. These developments will likely have a favorable impact on the company’s earnings.
The company inked a partnership with Cadence Design Systems to augment its cellular satellite service by leveraging the latter’s system tools, high-speed SerDes PHYs and controllers on the AST5000 ASIC chip. Utilizing Cadence’s specialized hardware components, ASTS aims to cater to the burgeoning bandwidth requirements straining the existing cloud data center server, storage and networking infrastructure. This will bolster ASTS’ portfolio and improve its prospects in the emerging market of direct-to-cell connectivity.
For the December quarter, the Zacks Consensus Estimate for total revenues is pegged at $3 million. The company didn’t generate any revenues in the fourth quarter of fiscal 2023.
The consensus estimate for adjusted earnings per share indicates a loss of 15 cents per share. It incurred a loss of 35 cents per share in the year-ago quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AST SpaceMobile this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AST SpaceMobile currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season.
The Gap (GAP - Free Report) is scheduled to report quarterly numbers on March 6. It has an Earnings ESP of +11.55% and carries Zacks Rank of 3.
The Earnings ESP for Costco Wholesale (COST - Free Report) is +0.14%, and it has a Zacks Rank of 2. The company is scheduled to report quarterly numbers on March 6.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AST SpaceMobile to Post Q4 Earnings: What's in the Cards?
AST SpaceMobile (ASTS - Free Report) is set to report its fourth-quarter 2024 results on March 3, after the closing bell. In the last reported quarter, the company's bottom line fell short of the Zacks Consensus Estimate by 6 cents. It is expected to report a top-line improvement year over year, backed by healthy momentum in both the government and private sector.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Factors at Play
During the quarter, ASTS has effectively deployed its initial set of five commercial satellites. The company highlighted that the BlueBird 1-5 satellites represent the largest commercial communications arrays to be sent into low Earth orbit. Utilizing large phased array antennas, AST SpaceMobile's technology is backed by more than 3,450 patents and patent-pending claims. This design aims to deliver worldwide cellular coverage by eradicating dead zones and providing space-based broadband to areas that lack service. By connecting directly to standard smartphones at broadband speeds, these advanced phased arrays eliminate the need for special equipment.
In the quarter under review, Space Development Agency has selected ASTS for various prototype demonstration projects under the Hybrid Acquisition for proliferated Low-earth Orbit program. The strategic collaboration with SDA will allow ASTS to develop cutting edge space based technologies for several government applications.
ASTS has entered into a definitive agreement with Vodafone Group. The partnership, which extends through 2034, will allow Vodafone to provide space-based cellular broadband services in its home markets and across its Partner Markets program, helping to expand broadband coverage globally. The company is steadily extending its collaboration with major telecom players in the United States, such as AT&T and Verizon, to tap into a pre-existing pool of cell customers as well as avail funds to expedite the development of its worldwide satellite network. These developments will likely have a favorable impact on the company’s earnings.
The company inked a partnership with Cadence Design Systems to augment its cellular satellite service by leveraging the latter’s system tools, high-speed SerDes PHYs and controllers on the AST5000 ASIC chip. Utilizing Cadence’s specialized hardware components, ASTS aims to cater to the burgeoning bandwidth requirements straining the existing cloud data center server, storage and networking infrastructure. This will bolster ASTS’ portfolio and improve its prospects in the emerging market of direct-to-cell connectivity.
For the December quarter, the Zacks Consensus Estimate for total revenues is pegged at $3 million. The company didn’t generate any revenues in the fourth quarter of fiscal 2023.
The consensus estimate for adjusted earnings per share indicates a loss of 15 cents per share. It incurred a loss of 35 cents per share in the year-ago quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AST SpaceMobile this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
AST SpaceMobile, Inc. Price and EPS Surprise
AST SpaceMobile, Inc. price-eps-surprise | AST SpaceMobile, Inc. Quote
Zacks Rank: AST SpaceMobile currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season.
Marvell Technology (MRVL - Free Report) is set to release quarterly numbers on March 5. It currently has an Earnings ESP of +2.77% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Gap (GAP - Free Report) is scheduled to report quarterly numbers on March 6. It has an Earnings ESP of +11.55% and carries Zacks Rank of 3.
The Earnings ESP for Costco Wholesale (COST - Free Report) is +0.14%, and it has a Zacks Rank of 2. The company is scheduled to report quarterly numbers on March 6.