Virgin Galactic Stock Drops Despite Market Gains Ahead of Q4 Earnings Report
• Virgin Galactic (SPCE) stock dropped 1.54% despite market gains; shares have depreciated 0.51% over the past month
• Company to announce Q4 2024 earnings on February 27th; expected to post EPS of -$0.30, up 45.45% year-over-year
• Revenue estimate for Q4 2024 is $2.99 million, a 243.1% increase from previous year
• Positive analyst estimate revisions recently, indicating optimism about Virgin Galactic's outlook
• Zacks Rank system gives SPCE a #2 (Buy) ranking currently, reflecting positive estimate changes and potential for outperformance