Blacksky Technology Inc reports results for the quarter ended June 30 - Earnings Summary

• Blacksky Technology Inc BKSY.N reported a quarterly adjusted loss of $1.27​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -48 cents. The mean expectation of eleven analysts for the quarter was for a loss of 42 cents per share. Wall Street expected results to range from -56 cents to -32 cents per share.

• Revenue fell 11% to $22.20 million from a year ago; analysts expected $23.11 million.

• Blacksky Technology Inc's reported EPS for the quarter was a loss of $1.27​.

• The company reported a quarterly loss of $41.24 million.

• Blacksky Technology Inc shares had fallen by 11.1% this quarter and gained 69.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "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 $25.00, about 26.8% above its last closing price of $18.30

This summary was machine generated from LSEG data August 7 at 06:49 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)