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

SKYX Platforms

15/05/2024 17:14

* SKYX Platforms Corp  SKYX.OQ  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended in March.  The
mean expectation of four analysts for the quarter was for a loss
of 9 cents per share. Wall Street expected results to range from
-13 cents to -4 cents per share.
    * Revenue was $18.98 million​; analysts expected $23.17
million. 
    * SKYX Platforms Corp's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $9.68 million.
    * SKYX Platforms Corp shares had fallen by 14.5% this
quarter and
lost 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 54.2%
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 4 "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 May 15 at
04:13 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
 Mar. 31 2024      -0.09          -0.10          Missed
 Dec. 31 2023      -0.08          -0.14          Missed
 Sep. 30 2023      -0.03          -0.08          Missed