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

Firy

01/08/2024 23:05

* Skillz Inc  SKLZ.N  reported a quarterly adjusted loss of
$1.10​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$-1.77.  The mean expectation of three analysts for the quarter
was for a loss of $1.36 per share. Wall Street expected
results to range from $-1.57 to $-1.25 per share.
    * Revenue fell 37% to $25.30 million from a year ago;
analysts
expected $26.63 million. 
    * Skillz Inc's reported EPS for the quarter was $1.44​.
    * The company reported quarterly net income of $26.05
million.
    * Skillz Inc shares had fallen by 10.2% this quarter and
gained 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$7.00 
This summary was machine generated from LSEG data August 1 at
10:05 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      -1.36          -1.10          Beat
 Mar. 31 2024      -1.23          -1.45          Missed
 Dec. 31 2023      -1.39          -1.04          Beat
 Jan. 1 0001       -1.41          -1.57          Missed