Skillz (SKLZ) to Release Earnings on Thursday

Skillz (NYSE:SKLZ - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.98) per share for the quarter.

Skillz (NYSE:SKLZ - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $0.79. The firm had revenue of $25.30 million for the quarter, compared to analyst estimates of $26.64 million. Skillz had a negative return on equity of 43.56% and a negative net margin of 47.40%. During the same quarter in the prior year, the company earned ($1.62) EPS. On average, analysts expect Skillz to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Skillz Price Performance

Shares of SKLZ traded down $0.24 during trading hours on Friday, reaching $5.53. 58,959 shares of the company traded hands, compared to its average volume of 115,965. The stock has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $6.21. Skillz has a fifty-two week low of $4.72 and a fifty-two week high of $7.48. The stock has a market capitalization of $96.39 million, a PE ratio of -2.17 and a beta of 2.78. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Skillz from $7.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, July 11th. Wedbush reiterated an "outperform" rating and issued a $15.00 price target on shares of Skillz in a report on Friday, August 2nd.

Skillz Company Profile

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.