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

Firy

02/08/2023 22:49

* Skillz Inc  SKLZ.N  reported a quarterly adjusted loss of
$1.77​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of
$1.26 per share.
    * Revenue fell 45.2% to $40.17 million from a year ago;
analysts
expected $43.91 million. 
    * Skillz Inc's reported EPS for the quarter was a loss of
$1.05​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Skillz Inc shares had risen by 26.5% this quarter and
gained 13.6% so far this year.
    * The company reported a quarterly loss of $21.99 million.
    * Wall Street's median 12-month price target for Skillz Inc
is
$12.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:49 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -1.26          -1.77          Missed
 Mar. 31 2023      -1.37          -1.80          Missed
 Dec. 31 2022      -2.46          -6.80          Missed
 Sep. 30 2022      -2.68          -1.40          Beat