Blacksky Technology Inc reports results for the quarter ended in June - Earnings Summary

Blacksky Technology

08/08/2024 19:18

* Blacksky Technology Inc  BKSY.N  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -23 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -11 cents
to -7 cents per share.
    * Revenue rose 29% to $24.94 million from a year ago;
analysts
expected $25.37 million. 
    * Blacksky Technology Inc's reported EPS for the quarter was
a
loss of 6 cents​.
    * The company reported a quarterly loss of $9.4 million.
    * Blacksky Technology Inc shares had fallen by 12.8% this
quarter and lost 33.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Blacksky
Technology Inc is $2.75 
This summary was machine generated from LSEG data August 8 at
06:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.09          -0.06          Beat
 Mar. 31 2024      -0.08          -0.11          Missed
 Dec. 31 2023      -0.09          -0.03          Beat
 Sep. 30 2023      -0.12          0.01           Beat