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Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know

Virgin Galactic (SPCE) closed at $4.03 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily gain of 0.12%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, lost 4.09%.

Coming into today, shares of the company had gained 1.23% in the past month. In that same time, the Aerospace sector gained 4.48%, while the S&P 500 gained 3.98%.

Investors will be hoping for strength from Virgin Galactic as it approaches its next earnings release. On that day, Virgin Galactic is projected to report earnings of -$0.51 per share, which would represent a year-over-year decline of 18.6%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.26 million, up 249.72% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.04 per share and revenue of $7.78 million. These totals would mark changes of -7.94% and +236.51%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Virgin Galactic. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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 has moved 8.53% higher. Virgin Galactic is holding a Zacks Rank of #3 (Hold) right now.

The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 43% 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

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Virgin Galactic Holdings, Inc. (SPCE) : Free Stock Analysis Report

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