Insights Ahead: Telesat's Quarterly Earnings

Telesat TSAT is gearing up to announce its quarterly earnings on Thursday, 2024-11-14. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Telesat will report an earnings per share (EPS) of $-0.61.

The market awaits Telesat's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.73, leading to a 1.9% increase in the share price on the subsequent day.

Here's a look at Telesat's past performance and the resulting price change:

Tracking Telesat's Stock Performance

Shares of Telesat were trading at $11.9 as of November 12. Over the last 52-week period, shares are up 4.27%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Telesat visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.