What is Cormark’s Forecast for Telesat Q3 Earnings?

Telesat Corporation (NASDAQ:TSAT) – Analysts at Cormark issued their Q3 2025 earnings per share (EPS) estimates for shares of Telesat in a note issued to investors on Tuesday, October 28th. Cormark analyst D. Mcfadgen expects that the company will post earnings of ($0.61) per share for the quarter.

Telesat (NASDAQ:TSAT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $1.69. The business had revenue of $77.94 million for the quarter, compared to analyst estimates of $109.64 million. Telesat had a negative return on equity of 3.54% and a negative net margin of 20.74%.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Telesat in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Telesat Price Performance

Shares of NASDAQ:TSAT opened at $29.89 on Thursday. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 1.69. The company has a market cap of $407.70 million, a P/E ratio of -5.68 and a beta of 2.06. Telesat has a 52 week low of $10.11 and a 52 week high of $36.85. The company has a 50-day moving average price of $26.80 and a 200 day moving average price of $22.57.

Hedge Funds Weigh In On Telesat

A number of hedge funds have recently added to or reduced their stakes in TSAT. Bank of America Corp DE increased its holdings in Telesat by 264.3% in the 2nd quarter. Bank of America Corp DE now owns 56,401 shares of the company’s stock valued at $1,378,000 after buying an additional 40,919 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Telesat by 6.9% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 79,161 shares of the company’s stock valued at $1,935,000 after acquiring an additional 5,100 shares during the last quarter. Jump Financial LLC bought a new position in shares of Telesat in the 2nd quarter valued at $449,000. Walleye Capital LLC bought a new position in Telesat in the second quarter valued at about $1,814,000. Finally, TD Waterhouse Canada Inc. bought a new position in Telesat in the second quarter valued at about $248,000.

About Telesat

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.