BlackSky Technology (BKSY) Set to Announce Quarterly Earnings on Thursday

BlackSky Technology (NYSE:BKSY - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect BlackSky Technology to post earnings of ($0.61) per share for the quarter. BlackSky Technology has set its FY 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released 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 firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same period in the prior year, the firm earned ($1.92) EPS. 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

BlackSky Technology stock traded down $0.50 during trading on Thursday, hitting $6.32. The stock had a trading volume of 860,891 shares, compared to its average volume of 236,744. The stock's 50 day moving average is $6.61 and its two-hundred day moving average is $8.07. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16. The stock has a market cap of $117.64 million, a price-to-earnings ratio of -4.26 and a beta of 0.97. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41.

Analysts Set New Price Targets

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

Insider Activity

In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the sale, the chief financial officer now owns 231,645 shares of the company's stock, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares of the company's stock, valued at $1,665,527.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $93,692.89. Following the completion of the transaction, the chief accounting officer now owns 190,775 shares in the company, valued at approximately $1,371,672.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock worth $446,535 in the last three months. Corporate insiders own 4.50% 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.