BlackSky Technology (NYSE:BKSY) Posts Earnings Results, Beats Estimates By $0.03 EPS

BlackSky Technology (NYSE:BKSY) posted its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03, Zacks reports. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative net margin of 52.24% and a negative return on equity of 82.02%. During the same period last year, the company posted ($0.24) EPS. BlackSky Technology updated its FY 2024 guidance to EPS.

BlackSky Technology Trading Down 1.9 %

BlackSky Technology stock traded down $0.02 during trading hours on Friday, hitting $1.04. The stock had a trading volume of 493,664 shares, compared to its average volume of 586,062. The business’s 50 day simple moving average is $1.05 and its 200-day simple moving average is $1.22. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.04. BlackSky Technology has a one year low of $0.86 and a one year high of $1.77. The stock has a market cap of $152.70 million, a price-to-earnings ratio of -2.74 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $2.50 target price on shares of BlackSky Technology in a research report on Thursday, May 9th.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.