Telesat Corp (NASDAQ:TSAT) Surges 7% on Strong Q3 2025 Earnings Beat

TELESAT CORP (NASDAQ:TSAT) released its third quarter 2025 financial results, revealing a performance that notably surpassed analyst expectations on key profitability metrics. The satellite communications provider reported figures for the period ending September 30, 2025, which have been met with a significant positive reaction in pre-market trading.

Earnings and Revenue Versus Estimates

The company's quarterly results presented a mixed financial picture, with a clear beat on earnings per share overshadowing a slight revenue miss when compared to analyst forecasts.

• Reported Revenue: C$103.3 million
• Estimated Revenue: C$102.2 million
• Reported EPS (Non-GAAP): -C$2.44
• Estimated EPS (Non-GAAP): -C$3.38

While revenue came in only marginally above expectations, the earnings per share figure was the standout, beating the estimate by nearly C$0.94. This indicates that the company's losses were substantially lower than the market had anticipated, a key factor likely driving investor sentiment.

Market Reaction

The immediate market response to the earnings report has been decisively positive. In pre-market trading, Telesat Corp's stock has surged approximately 7.0%. This sharp uptick suggests that investors are focusing primarily on the significant earnings beat and the implied improvement in the company's bottom-line performance. This positive movement stands in stark contrast to the stock's performance over recent weeks, which has seen declines over the past two-week and one-month periods.

Press Release Summary

The announcement from Telesat highlighted its position as a major global satellite operator. The financial results for both the quarter and the nine-month period were reported in Canadian dollars under IFRS accounting standards. The press release serves as the primary source for the reported financial figures but does not provide a specific forward-looking financial outlook for the coming quarters or the full year. The absence of such guidance is a neutral factor and does not directly explain the positive market reaction, which is instead tied to the outperformance on earnings.

Analyst Outlook and Upcoming Quarters

Looking ahead, analyst estimates for the company's future performance are available. For the full year 2025, analysts are forecasting a sales figure of C$424.9 million. For the upcoming fourth quarter of 2025, the consensus estimates are as follows:

• Estimated Q4 Revenue: C$95.5 million
• Estimated Q4 EPS (Non-GAAP): -C$4.11

These figures will provide a benchmark against which to measure Telesat's performance in its next earnings release. The lack of company-provided guidance in the current press release means that investor focus will remain intensely on whether Telesat can continue to exceed these external estimates, particularly on profitability metrics.

For a more detailed breakdown of Telesat's historical earnings and future analyst estimates, you can review the data here.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice, a recommendation, or an offer or solicitation to buy or sell any securities. The content presented is based on data believed to be reliable, but its accuracy cannot be guaranteed. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.