Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

OTTAWA, Ontario and BRAMPTON, Ontario, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and MDA Space (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that they have concluded a key phase in the Telesat Lightspeed low Earth orbit (LEO) constellation program with the successful completion of the spacecraft Preliminary Design Review (PDR). The PDR is a critical checkpoint i ...

Exhibit 99.1 TELESAT. TELESAT CORPORATION Quarterly Report For the Three Month and Nine Month Periods Ended September 30, 2024 PART I. FINANCIAL INFORMATION | Item 1. | Financial Statements | 1 | | --- | --- | --- | | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 30 | | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 61 | PART II. OTHER INFORMATION | Item 1. | Legal Proceedings | 62 | | --- | --- | --- | | Item 1A. Risk Factors | | 6 ...

Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between the Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing Stations. The Telesat Lightspeed constellation is designed to deliver global, high-speed, low-latency broadband connectivity for enterprise and government organizations. The total agreement am ...

LONG BEACH, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- APEX Expo -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced the signing of a Memorandum of Understanding (MOU) with Airbus SAS to collaborate on the integration of the Telesat Lightspeed low earth orbit (LEO) network within the Airbus HBCplus Ka-band solution portfolio. Airbus launched its HBCplus satellite connectivity solution as a supplier-furnished line-fit catalogue option and also ...

Telesat Corporation (NASDAQ: TSAT ) expects to receive significant demand for the company's Low Earth Orbit satellites, and has improved the broadband connectivity. The fact that governments, large corporations, and SpaceX signed agreements with TSAT could serve as a net sales driver. I I worked for several financial institutions in Europe almost all my life. I usually covered european, and american stocks for several clients in NY. I look for consistent earnings, and dividend growth. I avoid stocks without ...

OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of recently retired Brigadier-General G. Michael Adamson as the company's new Senior Director of Defence Strategy and Business Development. In this role, BGen (Ret'd) Adamson will work to expand and execute the government go-to-market and business development strategy for the Telesat Lightspeed low earth orbit (LEO) network, w ...

MONTREAL, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the completion of funding agreements with the Government of Canada and the Government of Quebec for its highly advanced Telesat Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. With this milestone completed, Telesat now has all financing sources in place to fund the global Telesat Lightspeed network, including the satellites, laun ...

Financial Data and Key Metrics Changes - In Q2 2024, Telesat reported consolidated revenues of $152 million, a decrease of $27 million compared to the same period in 2023 [6] - Adjusted EBITDA for Q2 2024 was $103 million, down $35 million from the previous year, with an adjusted EBITDA margin of 67.8% compared to 77.1% in Q4 2023 [6][7] - Operating expenses increased by $556 million, primarily due to higher wages, benefits, and consulting costs [7] - Net income for Q2 2024 was $129 million, significantly higher than $19 million in the same period last year, mainly due to a one-time recognition of C-band clearing income in Q2 2023 [8] Business Line Data and Key Metrics Changes - The revenue decrease was attributed to reduced services and a lower renewal rate from a North American direct-to-home customer, as well as lower revenues from mobility and Latin American customers [6][7] - Cash inflows from operating activities for the first six months of 2024 were $66 million, with capital expenditures of $334 million, mostly related to Telesat Lightspeed [8][10] Market Data and Key Metrics Changes - The company ended Q2 2024 with $1.4 billion in cash and approximately $200 million in borrowing capacity available on the revolving credit facility [10] - The total leverage ratio was reported at 5.6%, with Telesat in compliance with all covenants [10][11] Company Strategy and Development Direction - Telesat is focused on maximizing EBITDA and cash flow from its GEO activities while executing the Lightspeed program, which includes building out satellites and ground infrastructure [4][5] - The company is optimistic about concluding funding agreements with the governments of Canada and Quebec by the end of summer 2024 [3][4] - Telesat expects full-year revenues between $545 million and $565 million, with adjusted EBITDA projected between $340 million and $360 million [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the progress of the Lightspeed program and the company's ability to deliver value to customers and shareholders [5] - The management noted that while there are challenges, such as the restructuring of customer Xplore, the overall business is unfolding as expected [27][56] - The company is monitoring the situation with EchoStar closely, with expectations that they will find a way to continue payments due to the importance of the Nimiq-5 satellite [38][41] Other Important Information - Telesat has repurchased $262 million in debt at a cost of $120 million year-to-date, resulting in annual interest savings of approximately $55 million [11] - The company has spent approximately CAD 334 million on the Lightspeed project so far in 2024, with total CapEx expected to be between $1 billion and $1.4 billion for the year [9][23] Q&A Session Summary Question: Are negotiations on track for funding agreements? - Management confirmed that they expect to conclude the agreements in the next couple of weeks [13][16] Question: Update on DTH customer negotiations? - Management stated they are engaged with EchoStar for the Nimiq-5 satellite renewal, with expectations to reach a resolution soon [21][22] Question: Insights on CapEx guidance? - Management explained that the CapEx range reflects expected spending patterns, with significant expenditures in Q2 indicating the program is on track [17][19] Question: Concerns about EchoStar's revenue contribution? - Management indicated that guidance includes a range of outcomes for EchoStar, and they expect to maintain cash flow from the DTH business [38][39] Question: Update on Xplore's restructuring impact? - Management acknowledged the restructuring of Xplore and its impact on bad debt provisions, but they continue to recognize revenue from Xplore [27][51] Question: Any incremental bookings since the last earnings call? - Management stated there have been no significant new bookings, but engagement with prospective users remains strong [44]

Telesat (TSAT) came out with a quarterly loss of $2.87 per share versus the Zacks Consensus Estimate of $2.47. This compares to earnings of $1.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -216.19%. A quarter ago, it was expected that this satellite communications company would post a loss of $0.80 per share when it actually produced a loss of $0.80, delivering no surprise. Over the last four quarters, the company has no ...