Telesat (TSAT) Set to Announce Quarterly Earnings on Thursday

Telesat (NASDAQ:TSAT) is anticipated to issue its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of ($0.91) per share and revenue of $54.13 million for the quarter. Investors are encouraged to explore the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 29, 2026 at 10:30 AM ET.

Telesat (NASDAQ:TSAT) last released its quarterly earnings data on Thursday, August 13th. The company reported ($7.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($7.14). The business had revenue of $57.30 million during the quarter, compared to analyst estimates of $56.11 million. On average, analysts expect Telesat to post ($11.93) EPS for the current fiscal year and ($8.41) EPS for the next fiscal year.

Telesat Stock Down 0.5%

Shares of TSAT stock traded down $0.23 on Wednesday, hitting $46.69. The company had a trading volume of 14,211 shares, compared to its average volume of 208,970. Telesat has a twelve month low of $23.01 and a twelve month high of $61.54. The firm has a market cap of $710.50 million, a P/E ratio of -2.61 and a beta of 2.11. The company has a 50-day moving average price of $45.81 and a 200-day moving average price of $42.50.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Telesat in a report on Thursday, July 16th. They issued a “buy” rating for the company. Royal Bank Of Canada began coverage on shares of Telesat in a research note on Thursday, August 27th. They set a “moderate buy” rating on the stock. Scotiabank assumed coverage on shares of Telesat in a report on Monday, July 13th. They set a “hold” rating for the company. Canadian Imperial Bank of Commerce began coverage on shares of Telesat in a research note on Sunday. They issued a “sector outperform” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telesat in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.50.

About Telesat

Telesat is a Canadian satellite communications operator that provides connectivity and related services to telecommunications companies, broadcasters, governments, enterprises and other organizations worldwide. The company operates a fleet of geostationary satellites and delivers satellite capacity for broadband communications, video distribution, enterprise networking, mobility and government applications.

In addition to its geostationary satellite services, Telesat is developing Telesat Lightspeed, a planned low Earth orbit satellite network designed to provide high-speed, low-latency broadband connectivity.