BlackSky Technology (US:BKSY) ZACKS·2025-05-08 13:25Group 1: Earnings Performance - BlackSky Technology Inc. reported a quarterly loss of $0.42 per share, better than the Zacks Consensus Estimate of a loss of $0.47, and an improvement from a loss of $0.88 per share a year ago, representing an earnings surprise of 10.64% [1] - The company posted revenues of $29.54 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.27%, compared to year-ago revenues of $24.24 million [2] - Over the last four quarters, BlackSky Technology has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - BlackSky Technology shares have declined approximately 19% since the beginning of the year, while the S&P 500 has decreased by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.39 on revenues of $30.85 million, and for the current fiscal year, it is -$1.43 on revenues of $133.35 million [7] - The estimate revisions trend for BlackSky Technology is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Technology Services industry, to which BlackSky Technology belongs, is currently in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]