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Telesat Corporation (TSE:TSAT)
:TSAT
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-2.31Last Year’s EPS
0.74Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 13, 2021
|% Change Since: 28.92%
|Next Earnings Date:May 14, 2021
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive developments, such as securing full funding for Lightspeed and updating financial guidance to the upper end, alongside challenges like revenue and EBITDA declines, contract renegotiations with DISH, and a legal dispute with Shaw Communications. The company's strategic focus on Lightspeed and debt reduction are positive signals, but they are countered by significant financial and contractual setbacks.Company Guidance
In the third quarter 2024 earnings call, Telesat updated its financial guidance, expecting full-year revenues to be at the upper end of the $545 million to $565 million range and adjusted EBITDA to meet or exceed the top end of the $340 million to $360 million range. The company reported $138 million in Q3 revenue, a decrease of $37 million from the previous year, with an adjusted EBITDA of $96 million, down by $37 million. The adjusted EBITDA margin decreased from 75.9% to 69.5%. Telesat highlighted a significant reduction in operating expenses and a decrease in interest expense due to debt repurchases. The updated guidance reflects better revenue performance and lower operating expenses, primarily related to the Telesat Lightspeed project, which is fully funded and progressing well, with capital expenditures expected to reach between $1 billion and $1.4 billion for the year. The company has $1.1 billion in cash and short-term investments, with additional funding available under agreements with Canadian and Quebec governments.Lightspeed Funding and Progress
Telesat closed the funding for Lightspeed towards the end of Q3. The program is fully funded, and significant progress is being made in terms of execution and collaboration with key suppliers.
Financial Performance and Guidance
Telesat updated its guidance for full-year revenues to be at the upper end of $545 million to $565 million and adjusted EBITDA to be at or above $340 million to $360 million. The company ended Q3 with $1.1 billion in cash.
Contract Renewal with EchoStar
Telesat entered into a 5-year renewal agreement with EchoStar for Nimiq 5, although with reduced capacity and revenue.
Debt Reduction
Telesat repurchased a cumulative principal amount of USD 849 million at a cost of USD 459 million, resulting in interest savings of approximately USD 54 million annually.
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TSE: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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TSE:TSAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$17.46 | C$18.85 | +7.96% |
| Aug 14, 2024 | C$11.34 | C$12.50 | +10.23% |
| May 10, 2024 | C$10.70 | C$9.88 | -7.66% |
| Mar 28, 2024 | C$12.61 | C$11.51 | -8.69% |
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 Corporation (TSE:TSAT) report earnings?
Telesat Corporation (TSE:TSAT) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Telesat Corporation (TSE:TSAT) earnings time?
Telesat Corporation (TSE:TSAT) earnings time is at Mar 27, 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 TSE:TSAT EPS forecast?
TSE:TSAT EPS forecast for the fiscal quarter 2024 (Q4) is -2.31.
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