BlackSky Technology (BKSY) Set to Announce Quarterly Earnings on Thursday

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

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. The firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period last year, the company 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 Down 0.3 %

Shares of NYSE:BKSY opened at $6.87 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The business has a 50-day moving average price of $6.42 and a 200 day moving average price of $8.00. BlackSky Technology has a 12-month low of $3.86 and a 12-month high of $14.16.

Insider Transactions at BlackSky Technology

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Lake Street Capital lifted their target price on BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, October 4th. HC Wainwright lowered their price objective on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company 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.