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Viasat (VSAT) To Report Earnings Tomorrow: Here Is What To Expect

VSAT Cover Image

Global satellite communications provider Viasat (NASDAQ: VSAT) will be announcing earnings results this Thursday after market close. Here’s what to look for.

Viasat missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.14 billion, up 1.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.

Is Viasat a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Viasat’s revenue to grow 4% year on year to $1.17 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.24 per share.

Viasat Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Viasat has missed Wall Street’s revenue estimates twice over the last two years.

With Viasat being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for telecommunication services stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Viasat is up 14.3% during the same time and is heading into earnings with an average analyst price target of $41.13 (compared to the current share price of $44).

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