Skillz (NYSE:SKLZ) Posts Quarterly Earnings Results, Misses Estimates By $0.61 EPS

Skillz (NYSE:SKLZ - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.61), Zacks reports. The firm had revenue of $20.37 million for the quarter, compared to analyst estimates of $25.07 million. Skillz had a negative net margin of 40.87% and a negative return on equity of 38.95%.

Skillz Stock Performance

Skillz stock traded up $0.01 during mid-day trading on Wednesday, hitting $4.59. 67,075 shares of the company's stock traded hands, compared to its average volume of 95,824. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.63. Skillz has a one year low of $4.33 and a one year high of $7.48. The firm has a 50 day moving average price of $5.93 and a 200 day moving average price of $5.61. The company has a market cap of $79.92 million, a PE ratio of -2.04 and a beta of 2.74.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated an "outperform" rating and issued a $15.00 price objective on shares of Skillz in a research report on Friday, March 14th.

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.