skillz(US:SKLZ) ZACKS·2024-11-08 01:11Group 1 - Skillz Inc. reported a quarterly loss of $1.20 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.98, and an improvement from a loss of $1.57 per share a year ago, indicating an earnings surprise of -22.45% [1] - The company posted revenues of $24.56 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 10.16%, and down from $36.43 million in the same quarter last year [2] - Skillz shares have declined approximately 10.7% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Group 2 - The earnings outlook for Skillz is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.89 on revenues of $29.28 million, and for the current fiscal year at -$1.99 on revenues of $107.15 million [7] - The Zacks Industry Rank indicates that the Gaming industry is currently in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - The company has surpassed consensus EPS estimates two times over the last four quarters, but has not beaten consensus revenue estimates during the same period [2]