Skyx Platforms Corp Reports Results For The Quarter Ended In December: Earnings Summary

SKYX Platforms

01/04/2024 22:22

* SKYX Platforms Corp  SKYX.OQ  reported a quarterly
adjusted loss
of 14 cents​​ per share for the quarter ended in December.  The
mean expectation of two analysts for the quarter was for a loss
of 8 cents per share. 
    * Revenue rose 243,302.9% to $22.17 million from a year ago;
analysts expected $21.13 million. 
    * SKYX Platforms Corp's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $12.32 million.
    * SKYX Platforms Corp shares had held steady so far this
quarter and lost 18.1% 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for SKYX Platforms
Corp is $4.00 
This summary was machine generated from LSEG data April 1 at
09:22 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      -0.08          -0.14          Missed
 Sep. 30 2023      -0.03          -0.08          Missed