Recap: Skillz Q4 Earnings
Portfolio Pulse from Benzinga Insights
Skillz (NYSE:SKLZ) reported Q4 earnings with an EPS of $-1.04, beating estimates by 26.0% but with a revenue decrease of $17.73 million from the previous year. The company had previously missed EPS estimates last quarter, leading to a 13.0% share price drop the following day. Historical data shows fluctuating EPS and revenue figures over the past quarters.
March 14, 2024 | 8:15 pm
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Skillz reported a Q4 EPS of $-1.04, surpassing estimates by 26%, despite a revenue decrease from the previous year. Historical performance shows a potential volatility in stock price following earnings announcements.
While Skillz beat EPS estimates, the decrease in revenue and historical stock price volatility following earnings reports suggest a neutral short-term impact. The positive EPS surprise could counterbalance concerns over revenue decline, leading to mixed investor reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100