AST SpaceMobile Slides 3.09% as Indexes Post Gains

AST SpaceMobile shares fell 3.09% to $57.04 in the latest trading session, underperforming as major U.S. indexes rose. The S&P 500 gained 0.2%, while the Dow and Nasdaq each advanced 0.04%.

Over the past month, the shares have declined 5.67%. The Computer and Technology sector gained 4.78% over the same period, while the S&P 500 lost 0.35%.

Investors are looking ahead to the company’s next earnings report. Zacks’ latest consensus estimate calls for earnings per share of -$0.39 and revenue of $45.19 million for the quarter. The earnings estimate reflects a 13.33% upward movement from the same quarter a year earlier, while the revenue forecast is up 206.57%.

For the full fiscal year, Zacks Consensus Estimates project earnings of -$2.27 per share and revenue of $162.52 million. Those estimates represent changes of -69.4% and +129.17%, respectively, from the prior year.

Zacks said its consensus earnings-per-share projection had not changed in the past 30 days. The article did not give a date for the upcoming earnings disclosure.