BlackSky Technology (BKSY) ZACKS·2024-11-07 14:30Financial Performance - BlackSky Technology Inc. reported a quarterly loss of $0.66 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.61, but an improvement from a loss of $0.96 per share a year ago [1] - The company posted revenues of $22.55 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 16.26%, compared to revenues of $21.26 million in the same quarter last year [2] - Over the last four quarters, BlackSky has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - BlackSky Technology shares have declined approximately 32.4% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.29 on revenues of $31.61 million, and for the current fiscal year, it is -$2.33 on revenues of $107.7 million [7] Industry Outlook - The Technology Services industry, to which BlackSky belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]