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

SKYX Platforms

13/08/2024 02:07

* SKYX Platforms Corp  SKYX.OQ  reported a quarterly
adjusted loss
of 8 cents​​ per share for the quarter ended in June.  The mean
expectation of four analysts for the quarter was for a loss
of 10 cents per share. Wall Street expected results to range
from -11 cents to -9 cents per share.
    * Revenue was $21.45 million​; analysts expected $20.60
million. 
    * SKYX Platforms Corp's reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $7.46 million.
    * SKYX Platforms Corp shares had risen by 5.3% this
quarter and
lost 37.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 36.7%
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 5 "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 $3.00 
This summary was machine generated from LSEG data August 13 at
01:06 a.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      -0.10          -0.08          Beat
 Mar. 31 2024      -0.09          -0.10          Missed
 Dec. 31 2023      -0.08          -0.14          Missed
 Sep. 30 2023      -0.03          -0.08          Missed