BlackSky Technology (BKSY) Scheduled to Post Quarterly Earnings on Thursday

BlackSky Technology (NYSE:BKSY) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect BlackSky Technology to post earnings of ($0.61) per share for the quarter. BlackSky Technology has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.24. The business had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. During the same period in the prior year, the firm earned ($1.92) EPS. On average, analysts expect BlackSky Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

BlackSky Technology Stock Up 4.7 %

BlackSky Technology stock opened at $7.20 on Wednesday. The firm has a market cap of $133.90 million, a price-to-earnings ratio of -4.50 and a beta of 0.92. The firm has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $7.98. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $14.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19.

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the sale, the chief financial officer now owns 231,645 shares in the company, valued at $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BlackSky Technology news, CAO Christiana L. Lin sold 13,031 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $93,692.89. Following the completion of the transaction, the chief accounting officer now directly owns 190,775 shares of the company’s stock, valued at approximately $1,371,672.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Henry Edward Dubois sold 23,590 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the sale, the chief financial officer now directly owns 231,645 shares in the company, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,362 shares of company stock worth $446,535. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on BKSY. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, October 4th. HC Wainwright lowered their price objective on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Lake Street Capital upped their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Oppenheimer started coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.60.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.