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

Firy

11/05/2023 10:40

* Skillz Inc  SKLZ.N  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 7
cents per share.
    * Revenue fell 52.5% to $44.38 million from a year ago;
analysts
expected $45.71 million. 
    * Skillz Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 47.7%
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 fallen by 11.9% this quarter and
gained 3.2% so far this year.
    * The company reported a quarterly loss of $35.59 million.
    * Wall Street's median 12-month price target for Skillz Inc
is
$0.60 
    * 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 May
11 at 09:40 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.09          Missed
 Dec. 31 2022      -0.12          -0.34          Missed
 Sep. 30 2022      -0.13          -0.07          Beat
 Jun. 30 2022      -0.16          -0.14          Beat