Earnings Preview: AST SpaceMobile, Inc. (ASTS) Q2 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for AST SpaceMobile, Inc. despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate predicts a quarterly loss of $0.19 per share, reflecting a year-over-year change of -35.7% [3]. - Expected revenues are projected at $5.15 million, which is an increase of 472.2% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +26.32% for AST SpaceMobile, suggesting recent bullish sentiment among analysts [12]. - However, the company holds a Zacks Rank of 5, complicating the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, AST SpaceMobile was expected to post a loss of $0.17 per share but actually reported a loss of -$0.20, resulting in a surprise of -17.65% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Conclusion - AST SpaceMobile does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors when evaluating the stock ahead of its earnings release [17].