Skillz Inc reports results for the quarter ended December 31 - Earnings Summary

• Skillz Inc SKLZ.N reported a quarterly adjusted loss of $1.50​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $-1.04. The mean expectation of three analysts for the quarter was for a loss of $1.13 per share. Wall Street expected results to range from $-1.25 to -100 cents per share.

• Revenue fell 30.1% to $20.37 million from a year ago; analysts expected $25.05 million.

• Skillz Inc's reported EPS for the quarter was a loss of $1.50​.

• The company reported a quarterly loss of $26.44 million.

• Skillz Inc shares had risen by 7.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Skillz Inc is $10.25

This summary was machine generated from LSEG data March 13 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)