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

Blacksky Technology

08/05/2024 14:32

* Blacksky Technology Inc  BKSY.N  reported a quarterly
adjusted
loss of 11 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -13 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -8 cents to -7
cents per share.
    * Revenue rose 31.7% to $24.24 million from a year ago;
analysts
expected $25.06 million. 
    * Blacksky Technology Inc's reported EPS for the quarter was
a
loss of 11 cents​.
    * The company reported a quarterly loss of $15.81 million.
    * Blacksky Technology Inc shares had fallen by 6.6% this
quarter and lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 May 8 at 01:31
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
 Mar. 31 2024      -0.08          -0.11          Missed
 Dec. 31 2023                     -0.03          
 Sep. 30 2023      -0.12          0.01           Beat
 Jun. 30 2023      -0.12          -0.23          Missed