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

• Skillz Inc SKLZ.N reported a quarterly adjusted loss of 58 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.10. The mean expectation of two analysts for the quarter was for a loss of $1.34 per share. Wall Street expected results to range from $-1.53 to $-1.15 per share.

• Revenue rose 8.2% to $27.37 million from a year ago; analysts expected $22.82 million.

• Skillz Inc's reported EPS for the quarter was a loss of 58 cents​.

• The company reported a quarterly loss of $8.92 million.

• Skillz Inc shares had fallen by 2.6% this quarter and gained 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% 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 1 "strong buy" or "buy," 1 "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, about 35.2% above its last closing price of $6.64

This summary was machine generated from LSEG data August 8 at 06:43 a.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)