Skillz Inc reports results for the quarter - Earnings Summary

Firy

08/11/2024 21:03

* Skillz Inc  SKLZ.N  reported a quarterly adjusted loss of
$1.20​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of $-1.57.  The mean
expectation of four analysts for the quarter was for a loss of
$1.11 per share. Wall Street expected results to range from
$-1.50 to -92 cents per share.
    * Revenue fell 32.6% to $24.56 million from a year ago;
analysts
expected $26.66 million. 
    * Skillz Inc's reported EPS for the quarter was a loss of
$1.20​.
    * The company reported a quarterly loss of $21.12 million.
    * Skillz Inc shares had risen by 0.2% this quarter and
lost 9.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Skillz Inc is
$6.50 
This summary was machine generated from LSEG data November 8 at
09:03 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
 Sep. 30 2024      -1.11          -1.20          Missed
 Jun. 30 2024      -1.36          -1.10          Beat
 Mar. 31 2024      -1.23          -1.45          Missed
 Dec. 31 2023      -1.39          -1.04          Beat