Blacksky Technology Inc reports results for the quarter ended March 31 - Earnings Summary

• Blacksky Technology Inc BKSY.N reported a quarterly adjusted loss of 44 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -88 cents. The mean expectation of ten analysts for the quarter was for a loss of 46 cents per share. Wall Street expected results to range from -63 cents to -35 cents per share.

• Revenue rose 21.9% to $29.54 million from a year ago; analysts expected $27.20 million.

• Blacksky Technology Inc's reported EPS for the quarter was a loss of 42 cents​.

• The company reported a quarterly loss of $12.81 million.

• Blacksky Technology Inc shares had risen by 13.1% this quarter and lost 19.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.5% 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 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Blacksky Technology Inc is $16.50

This summary was machine generated from LSEG data May 8 at 03:08 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)