HawkEye 360 (NYSE:HAWK) Issues Earnings Results, Beats Expectations By $0.06 EPS

HawkEye 360 (NYSE:HAWK) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06, Zacks reports. The company had revenue of $49.81 million during the quarter.

HawkEye 360 Stock Performance

HawkEye 360 stock traded down $0.26 during midday trading on Thursday, hitting $24.47. The stock had a trading volume of 1,106,633 shares, compared to its average volume of 1,137,294. The business’s fifty day moving average is $21.86. HawkEye 360 has a 12 month low of $17.02 and a 12 month high of $35.73. The company has a market capitalization of $2.40 billion, a PE ratio of -11.46 and a beta of 0.72.

Wall Street Analysts Forecast Growth

HAWK has been the subject of several analyst reports. UBS Group set a $42.00 target price on HawkEye 360 in a research note on Monday, June 1st. Bank of America initiated coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price target for the company. William Blair began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating for the company. Craig Hallum started coverage on shares of HawkEye 360 in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.89.

About HawkEye 360

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.