SES S.A. Surpasses Expectations with Strong Q1 Performance and Strategic Growth Initiatives

SES S.A. (SES – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Aleksander Peterc from Bernstein reiterated a Buy rating on the stock and has a €10.60 price target.

Aleksander Peterc’s rating is based on SES S.A.’s strong financial performance in the first quarter, where the company reported revenue and EBITDA figures that surpassed market expectations. The underlying EBITDA, excluding non-recurring revenues, exceeded consensus estimates by 6%, demonstrating the company’s robust operational efficiency.
Furthermore, SES’s strategic initiatives, such as the potential repurposing of the upper C-band spectrum, present a significant opportunity for shareholder value creation. The anticipated windfall from this spectrum sale could substantially increase the company’s net present value per share. Additionally, the upcoming acquisition of Intelsat is expected to further enhance SES’s market position, contributing to a positive outlook for future earnings growth.

According to TipRanks, Peterc is ranked #4325 out of 9371 analysts.