Brokers Issue Forecasts for BlackSky Technology Inc.’s FY2024 Earnings (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY) – Analysts at Sidoti Csr increased their FY2024 earnings per share estimates for BlackSky Technology in a research note issued on Wednesday, September 25th. Sidoti Csr analyst G. Burns now forecasts that the company will post earnings of ($2.31) per share for the year, up from their prior estimate of ($2.46). The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.59) per share. Sidoti Csr also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.32) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.36) EPS, Q3 2025 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($1.24) EPS, Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.30) EPS.

BlackSky Technology Price Performance

Shares of NYSE BKSY opened at $4.46 on Friday. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $14.16. The business has a 50-day moving average of $7.81 and a 200-day moving average of $8.85. 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 company has a market capitalization of $83.00 million, a price-to-earnings ratio of -11.74 and a beta of 1.00.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. The firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same quarter in the previous year, the business earned ($1.92) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC lifted its stake in shares of BlackSky Technology by 134.5% in the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after acquiring an additional 83,462 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology in the second quarter worth about $295,000. GSA Capital Partners LLP lifted its stake in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after acquiring an additional 174,773 shares in the last quarter. LA Financiere DE L Echiquier lifted its stake in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after acquiring an additional 112,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

Insider Transactions at BlackSky Technology

In other news, CEO Brian E. O’toole sold 24,352 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the sale, the chief executive officer now owns 479,785 shares of the company’s stock, valued at $3,449,654.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Brian E. O’toole sold 24,352 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Christiana L. Lin sold 13,031 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 owns 190,775 shares in the company, valued at approximately $1,371,672.25. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock valued at $446,535 over the last quarter. Company insiders own 3.16% of the company’s stock.

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.