BlackSky Technology (BKSY) Scheduled to Post Earnings on Wednesday

BlackSky Technology (NYSE:BKSY) will be releasing its earnings data before the market opens on Wednesday, November 8th. Analysts expect BlackSky Technology to post earnings of ($0.12) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.14). The firm had revenue of $19.33 million for the quarter, compared to analyst estimates of $20.49 million. BlackSky Technology had a negative return on equity of 68.70% and a negative net margin of 106.33%. On average, analysts expect BlackSky Technology to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BlackSky Technology Stock Down 2.6 %

BlackSky Technology stock opened at $1.13 on Monday. The firm has a market capitalization of $159.13 million, a PE ratio of -1.82 and a beta of 0.96. The company’s 50-day moving average is $1.25 and its 200-day moving average is $1.50. BlackSky Technology has a fifty-two week low of $1.10 and a fifty-two week high of $2.37. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.56 and a quick ratio of 4.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new position in shares of BlackSky Technology during the 2nd quarter worth approximately $26,000. ProShare Advisors LLC bought a new stake in shares of BlackSky Technology during the 2nd quarter worth approximately $34,000. LPL Financial LLC bought a new stake in shares of BlackSky Technology during the 2nd quarter worth approximately $37,000. Royal Bank of Canada lifted its holdings in shares of BlackSky Technology by 214.6% during the 2nd quarter. Royal Bank of Canada now owns 17,251 shares of the company’s stock worth $38,000 after acquiring an additional 11,768 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of BlackSky Technology by 163.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 17,320 shares of the company’s stock worth $33,000 after acquiring an additional 10,745 shares during the period. Institutional investors and hedge funds own 41.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BKSY shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BlackSky Technology from $3.00 to $2.50 in a research note on Thursday, August 10th. Benchmark decreased their price target on shares of BlackSky Technology from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. Finally, Westpark Capital started coverage on shares of BlackSky Technology in a research note on Wednesday, July 12th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $3.00.

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 operations of satellite and ground systems to government and commercial customers in North America, the Middle East, Asia, and internationally.