Analyst Consensus ?
ConsensusHold8 ratings
Bullish450.0%
Neutral337.5%
Bearish112.5%
AST SpaceMobile, Inc. · ASTS · FY2024 Q2 · Calendar Q3 2024
AST SpaceMobile advances satellite launch and commercial readiness
The supplied analysis supports a constructive commercial-readiness thesis: operator commitments, satellite production and ASIC progress improve the path toward service, but launch, regulatory, funding and production execution remain material conditions.
Reported After market closeNASDAQCommunication Services
$16.25B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.14
Consensus $-0.22
EPS surprise
+35.9%
Reported versus consensus
Reported revenue
$900,000
Consensus $7.6M
Revenue surprise
-88.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+50.7%
Event window
SPY move
+1.7%
Same window
Abnormal move
+49.0%
Stock minus SPY
Volume
6.2×
Versus trailing sessions
Subsequent drift
-4.9%
Up to 20 sessions
ASTSSPY benchmark
Ask FN2 about ASTS FY2024 Q2
Transcript, numbers and history already loaded
Why did ASTS rise 50.7% after beating EPS estimates in FY2024 Q2?What changed in ASTS's guidance and outlook in FY2024 Q2?Give me the bull and bear case for ASTS after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Since the prior quarter, AST completed AST5000 ASIC tape-out, obtained an initial FCC license, secured a $100 million Verizon commitment, increased cash to $287.6 million, and started production of 17 Block 2 satellites.
Guidance delta
Maintained: management reiterated its operating-expense and capital-spend guidance for Q3-Q4 2024.
Key takeaways
- Management scheduled the first five BlueBird satellites for a September launch.
- Verizon committed $100 million, including $65 million prepaid, while cash rose to $287.6 million.
- AST completed AST5000 ASIC tape-out and began production of 17 Block 2 satellites.
- An initial FCC license covers V, F and UHF frequencies for the first five satellites.
Management priorities
- Launch the first five BlueBird satellites
- Ramp production and launch of Block 2 satellites
- Integrate AST5000 ASIC into subsequent satellites
- Expand mobile-network-operator and government relationships
- Pursue export-credit financing
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$39.79Previous close
$12.9Low
$66.53Average
$108High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Scotiabank | Sector Outperform | Sector Perform | Upgrade | Oct 23, 2026 |
| Piper Sandler | Neutral | Overweight | Downgrade | Oct 13, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 12, 2026 |
| B. Riley Securities | Neutral | Buy | Downgrade | Oct 2, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 11, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 11, 2026 |
| Barclays | Underweight | Underweight | Maintain | Apr 9, 2026 |
| Clear Street | Buy | Buy | Maintain | Nov 12, 2025 |
Named analyst price targets
Upside is calculated against the persisted previous close $39.79. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $55.7 | $38.96 | +40.0% | Oct 23, 2026 |
| Piper Sandler | Alexander Potter | $54 | $51.46 | +35.7% | Oct 13, 2026 |
| B.Riley Financial | Mike Crawford | $65 | $57.04 | +63.4% | Oct 2, 2026 |
| Berenberg Bank | Analyst unavailable | $92 | $55.8 | +131.2% | Sep 2, 2026 |
| Deutsche Bank | Analyst unavailable | $93 | $74.2 | +133.7% | Aug 12, 2026 |
| UBS | Analyst unavailable | $78 | $68.49 | +96.0% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $98 | $68.76 | +146.3% | Aug 11, 2026 |
| Cantor Fitzgerald | Colin Canfield | $90 | $68.76 | +126.2% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $66.31 | +151.3% | Jul 15, 2026 |
| New Street | Analyst unavailable | $106 | $110.32 | +166.4% | May 29, 2026 |
| Deutsche Bank | Analyst unavailable | $106 | $109.78 | +166.4% | May 29, 2026 |
| New Street | Analyst unavailable | $80 | $74.81 | +101.1% | May 13, 2026 |
| Roth Capital | Analyst unavailable | $108 | $71.61 | +171.4% | May 12, 2026 |
| UBS | Analyst unavailable | $80 | $71.59 | +101.1% | May 12, 2026 |
| New Street | Analyst unavailable | $115 | $85.53 | +189.0% | Apr 20, 2026 |
| Deutsche Bank | Analyst unavailable | $117 | $87.58 | +194.0% | Apr 15, 2026 |
| Deutsche Bank | Analyst unavailable | $137 | $115.77 | +244.3% | Jan 20, 2026 |
| UBS | Analyst unavailable | $137 | $115.77 | +244.3% | Jan 20, 2026 |
| Scotiabank | Analyst unavailable | $45.6 | $51.37 | +14.6% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $42.9 | $71.47 | +7.8% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $60 | $49.08 | +50.8% | Oct 1, 2025 |
| Scotiabank | Analyst unavailable | $47.9 | $33.8 | +20.4% | Mar 5, 2025 |
| Deutsche Bank | Bryan Kraft | $63 | $30.75 | +58.3% | Sep 4, 2024 |
| Scotiabank | Andres Coello | $45.9 | $31.07 | +15.4% | Aug 26, 2024 |
| Scotiabank | Andres Coello | $28 | $29.57 | -29.6% | Aug 16, 2024 |
| B.Riley Financial | Mike Crawford | $26 | $26.16 | -34.7% | Aug 15, 2024 |
| UBS | Christopher Schoell | $30 | $20.81 | -24.6% | Aug 15, 2024 |
| UBS | Chris Schoell | $13 | $8.52 | -67.3% | Jun 10, 2024 |
| Scotiabank | Andres Graham | $12.9 | $8.6 | -67.6% | May 30, 2024 |
| Scotiabank | Andres Graham | $7.4 | $2.63 | -81.4% | Apr 2, 2024 |
Track every rating change on ASTS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAST SpaceMobile, Inc. establishes and operates a satellite-based cellular broadband network designed to connect directly with standard mobile phones. Through its SpaceMobile service, it delivers mobile internet access to individuals in remote or unserved locations that lack traditional terrestrial mobile coverage, whether on land, across oceans, or during air travel. The company is situated in Midland, Texas.
Historical context
All ASTS earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RCI Rogers Communications Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | -2.4% | Rogers Reaffirms 2026 Guidance as Capex Falls and MLSE Monetization Advances |
| OMC Omnicom Group Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.2% | +2.6% | Omnicom pairs resilient demand with AI and integration progress |
| SPOT Spotify Technology S.A. | FY2026 Q3 · Calendar Q4 2026 | -11.6% | +11.1% | Spotify: resilient Q3 demand, with AI and audiobooks central to growth |
| CMCSA Comcast Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.5% | +3.4% | Comcast balances wireless and Peacock gains against Q4 costs |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the ASTS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-26T05:20:43.062395+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T05:20:43.059578+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.