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

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

BlackSky Technology Price Performance

NYSE BKSY traded down $0.02 during trading on Friday, reaching $1.04. 493,664 shares of the company traded hands, compared to its average volume of 586,062. BlackSky Technology has a 1-year low of $0.86 and a 1-year high of $1.77. The company has a market cap of $152.70 million, a price-to-earnings ratio of -2.74 and a beta of 1.00. The stock’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $1.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.02 and a current ratio of 4.02.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.50 price target on shares of BlackSky Technology in a 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.