Sky Harbour Group Corp reports results for the quarter ended June 30 - Earnings Summary

• Sky Harbour Group Corp SKYH.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of seven analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -18 cents to -8 cents per share.

• Revenue rose 82.1% to $6.59 million from a year ago; analysts expected $6.36 million.

• Sky Harbour Group Corp's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $17.45 million.

• Sky Harbour Group Corp shares had risen by 12.1% this quarter and lost 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 22.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the airport operators & services peer group is also "buy"

• Wall Street's median 12-month price target for Sky Harbour Group Corp is $15.00, about 27% above its last closing price of $10.95

This summary was machine generated from LSEG data August 12 at 09:56 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)