Q3 2024 EPS Estimates for BlackSky Technology Inc. Lowered by Analyst (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY) – Investment analysts at HC Wainwright decreased their Q3 2024 earnings per share estimates for shares of BlackSky Technology in a research note issued to investors on Monday, September 23rd. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of ($0.81) per share for the quarter, down from their previous estimate of ($0.72). The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.38) per share. HC Wainwright also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.51) EPS, FY2024 earnings at ($2.72) EPS and FY2025 earnings at ($2.20) EPS.

BlackSky Technology Stock Down 6.3 %

Shares of BlackSky Technology stock opened at $5.04 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19. The stock’s 50 day simple moving average is $8.08 and its 200-day simple moving average is $8.97. BlackSky Technology has a 1-year low of $5.04 and a 1-year high of $14.16.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.24. The company had revenue of $24.94 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted ($1.92) EPS.

Institutional Investors Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently bought and sold shares of BKSY. GSA Capital Partners LLP lifted its holdings in BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the last quarter. Vanguard Group Inc. lifted its position in BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares during the last quarter. Virtu Financial LLC boosted its stake in BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after buying an additional 83,462 shares during the period. LA Financiere DE L Echiquier increased its position in shares of BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after acquiring an additional 112,000 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the 2nd quarter valued at approximately $295,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.