FY2024 Earnings Forecast for BlackSky Technology Inc. (NYSE:BKSY) Issued By Sidoti Csr

BlackSky Technology Inc. (NYSE:BKSY) – Research analysts at Sidoti Csr upped their FY2024 earnings per share (EPS) estimates for BlackSky Technology in a report issued on Wednesday, September 25th. Sidoti Csr analyst G. Burns now anticipates that the company will post earnings of ($2.31) per share for the year, up from their prior forecast of ($2.46). The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.38) per share. Sidoti Csr also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.32) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.36) EPS, Q3 2025 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($1.24) EPS, Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.30) EPS.

BlackSky Technology Price Performance

NYSE BKSY opened at $4.64 on Friday. 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 capitalization of $86.35 million, a PE ratio of -12.21 and a beta of 1.00. BlackSky Technology has a 12-month low of $3.86 and a 12-month high of $14.16. The company has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $8.90.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.24. The business had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period in the previous year, the company earned ($1.92) EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC boosted its position in BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after purchasing an additional 83,462 shares during the period. LA Financiere DE L Echiquier lifted its stake in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after buying an additional 112,000 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after buying an additional 174,773 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology during the 2nd quarter worth $295,000. Finally, Vanguard Group Inc. grew its stake in BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

About BlackSky Technology

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.