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

BlackSky Technology (NYSE:BKSY) is scheduled to post its quarterly earnings results 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 interested in participating in the company’s conference call can do so using this link.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate 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 company had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.14 million. During the same quarter in the previous year, the business 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 Price Performance

BKSY opened at $6.87 on Tuesday. The company’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $8.00. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16.

Insider Activity

In other news, CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology 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 $175,090.88. Following the sale, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Henry Edward Dubois sold 23,590 shares of the firm’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 transaction of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares of the company’s stock, valued at approximately $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian E. O’toole sold 24,352 shares of the firm’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 $175,090.88. Following the sale, the chief executive officer now directly owns 479,785 shares of the company’s stock, valued at $3,449,654.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,362 shares of company stock worth $446,535 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

BlackSky Technology Company Profile

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.