Skillz Inc reports results for the quarter ended in December - Earnings Summary

Firy

14/03/2024 21:01

* Skillz Inc  SKLZ.N  reported a quarterly adjusted loss of
$1.04​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-6.80.  The mean expectation of four analysts for the quarter
was for a loss of $1.39 per share. Wall Street expected
results to range from $-1.56 to $-1.17 per share.
    * Revenue fell 37.8% to $29.14 million from a year ago;
analysts
expected $37.58 million. 
    * Skillz Inc's reported EPS for the quarter was a loss of
$1.04​.
    * The company reported a quarterly loss of $20.85 million.
    * Skillz Inc shares had risen by 14.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Skillz Inc
is
$10.50 

This summary was machine generated from LSEG data March 14 at
09:00 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
 Dec. 31 2023      -1.39          -1.04          Beat
 Sep. 30 2023      -1.41          -1.57          Missed
 Jun. 30 2023      -1.26          -1.77          Missed
 Mar. 31 2023      -1.37          -1.70          Missed