Skyx Platforms Corp Reports Results For The Quarter Ended September 30: Earnings Summary

SKYX Platforms

13/11/2024 14:24

* SKYX Platforms Corp  SKYX.OQ  reported a quarterly
adjusted loss
of 8 cents​​ per share for the quarter ended September 30,
identical to the same quarter last year.  The mean expectation
of five analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -10 cents
to -7 cents per share.
    * Revenue rose 2.5% to $22.17 million from a year ago;
analysts
expected $23.41 million. 
    * SKYX Platforms Corp's reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $8.62 million.
    * SKYX Platforms Corp shares had risen by 48.5% this
quarter and
lost 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% 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 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 2.90 
This summary was machine generated from LSEG data November 13 at
02:24 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
 Sep. 30 2024      -0.09          -0.08          Beat
 Jun. 30 2024      -0.10          -0.08          Beat
 Mar. 31 2024      -0.09          -0.10          Missed
 Dec. 31 2023      -0.08          -0.14          Missed