Telesat Corporation (TSAT) Q1 2026 Earnings Call Transcript
Telesat Corporation (TSAT) Q4 2025 Earnings Call Transcript
Telesat Corporation ( TSAT ) Q3 2025 Earnings Call November 4, 2025 10:30 AM EST Company Participants James Ratcliffe Daniel Goldberg - President, CEO & Director Andrew Brown Michel Forest - Chief Technology Officer Conference Call Participants David McFadgen - Cormark Securities Inc., Research Division Xin Yu - Deutsche Bank AG, Research Division Caleb Henry - Quilty Space Inc., Research Division Christopher Quilty - Quilty Space Inc., Research Division Presentation Operator " James Ratcliffe " Daniel Goldberg President, CEO & Director " Andrew Brown " Michel Forest Chief Technology Officer " David McFadgen Cormark Securities Inc., Research Division " Cormark Securities Inc., Research Division Xin Yu Deutsche Bank AG, Research Division " Deutsche Bank AG, Research Division Caleb Henry Quilty Space Inc., Research Division " Quilty Space Inc., Research Division Christopher Quilty Quilty Space Inc., Research Division " Quilty Space Inc., Research Division Operator Hello, and welcome to the Telesat Third Quarter 2025 Financial Results Call. [Operator Instructions] I will now turn the conference over to James Ratcliffe.
Telesat (TSAT) came out with a quarterly loss of $1.73 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to a loss of $0.08 per share a year ago.
Telesat (TSAT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Telesat (TSAT) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of a loss of $0.69 per share. This compares to a loss of $2.87 per share a year ago.
Telesat's stock surged on government funding and LEO contract headlines, but I remain skeptical due to major execution risks. Lightspeed backlog is meaningless until launches begin in late 2026, yet Telesat must front massive capex while leaning on rival SpaceX for rides. The satellite-comms market may grow ~10% a year, but Starlink, Viasat, and Amazon Kuiper are expanding far faster, making it tough for Telesat to steal share.
Does Telesat (TSAT) have what it takes to be a top stock pick for momentum investors? Let's find out.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Telesat (TSAT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Telesat Corporation (NASDAQ:TSAT ) Q1 2025 Earnings Conference Call May 6, 2025 10:30 AM ET Company Participants James Ratcliffe - Vice President, Investor Relations Dan Goldberg - President & Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Chris Quilty - Quilty Space David McFadgen - Cormark Securities Operator Good morning, ladies and gentlemen. Welcome to the Conference Call to Report the First Quarter 2025 Financial Results for Telesat.
Telesat is developing a Low Earth Satellite Network, Lightspeed, to compete with Starlink and others. The company has contracts secured, and its Lightspeed network could be financially lucrative if it gains successful operation. Because of its small-cap status and Lightspeed network, Telesat is a buyout candidate.
Telesat Corporation is navigating a tough transition—core revenue is falling due to expiring contracts and increased competition, just as it ramps up massive capital and operating spend for its Lightspeed satellite. While the Lightspeed LEO program has government backing and a growing contract backlog, it's still a high-risk, high-reward play. Execution needs to be near-perfect to justify the investment and current valuation. With fierce competition from players like Starlink and Amazon Kuiper, and no clear path to meaningful market share gains, DCF analysis points to a $15.20 TSAT price target—10% downside.