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Telesat Corp (TSAT)
NASDAQ:TSAT
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.33Last Year’s EPS
-0.78Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -16.56%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted significant achievements in securing financing and making progress on Telesat Lightspeed, as well as effective debt management. However, these were overshadowed by substantial challenges, including anticipated revenue declines, reduced adjusted EBITDA, foreign exchange losses, and a significant net loss.Company Guidance
During the call, Telesat's leadership provided guidance for the fiscal year 2025, expecting revenue to decline by approximately $155 million at the midpoint of their guidance, primarily due to continued pressure in their GEO business, specifically in the video and enterprise segments. The anticipated decline is partly attributed to the impact of the Nimiq 5 agreement renewal with Dish, the end of service with Shaw on the Anik F2 satellite, and the expiration of the Anik F3 contract with Dish. Additionally, competition from Starlink and a new Indonesian satellite replacing some services have also contributed to the forecasted decrease. Telesat's consolidated adjusted EBITDA is expected to drop by about $200 million, with Lightspeed OpEx projected to increase by approximately $40 million as the company ramps up engineering and operational resources. Furthermore, Telesat plans capital expenditures of $900 million to $1.1 billion for the year, mostly related to the development of Lightspeed.Above Guidance GEO Business Performance
Telesat's GEO business achieved revenue and adjusted EBITDA above guidance for 2024, reflecting focused and disciplined execution.
Lightspeed Financing and Development Progress
Secured financing arrangements with the governments of Canada and Quebec for Telesat Lightspeed, investing over $1 billion in development and completing important milestones.
Debt Reduction Achievements
Repurchased $262 million in debt during 2024, resulting in $54 million annual interest savings and a reduction of 36% of total debt outstanding.
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TSAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $20.59 | $20.58 | -0.05% |
| Nov 14, 2024 | $12.62 | $13.21 | +4.68% |
| Aug 14, 2024 | $8.33 | $8.93 | +7.20% |
| May 10, 2024 | $7.61 | $7.21 | -5.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Telesat Corp (TSAT) report earnings?
Telesat Corp (TSAT) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Telesat Corp (TSAT) earnings time?
Telesat Corp (TSAT) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSAT EPS forecast?
TSAT EPS forecast for the fiscal quarter 2025 (Q1) is -1.33.
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