BlackSky Technology (BKSY) to Release Earnings on Thursday

BlackSky Technology (NYSE:BKSY) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.61) per share for the quarter. BlackSky Technology has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The business had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same quarter last year, the firm earned ($1.92) earnings per share. On average, analysts expect BlackSky Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

BlackSky Technology Stock Performance

Shares of BKSY opened at $6.82 on Thursday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41. The stock has a market cap of $126.95 million, a P/E ratio of -4.26 and a beta of 0.97. The business’s 50 day moving average price is $6.67 and its 200-day moving average price is $8.08. BlackSky Technology has a 52 week low of $3.86 and a 52 week high of $14.16.

Insider Activity at BlackSky Technology

In related news, CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the sale, the chief executive officer now directly owns 479,785 shares in the company, valued at approximately $3,449,654.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Brian E. O’toole sold 24,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the sale, the chief executive officer now owns 479,785 shares in the company, valued at approximately $3,449,654.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Henry Edward Dubois sold 23,590 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the sale, the chief financial officer now owns 231,645 shares of the company’s stock, valued at approximately $1,665,527.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,362 shares of company stock valued at $446,535 over the last ninety days. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BKSY shares. Oppenheimer began coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price on the stock. HC Wainwright dropped their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Craig Hallum upgraded shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. Finally, Lake Street Capital lifted their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.60.

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.