BlackSky Technology Q1 2024 GAAP EPS $(0.11) Misses $(0.09) Estimate, Sales $23.236M Miss $25.059M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology reported Q1 2024 earnings with a GAAP EPS of $(0.11), missing estimates by 22.22%, and sales of $23.236M, missing estimates by 7.28%. Despite these misses, both earnings and sales showed improvement over the previous year, with a 21.43% decrease in losses per share and a 26.30% increase in sales.
May 08, 2024 | 11:14 am
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BlackSky Technology's Q1 2024 earnings report showed a miss on both EPS and sales estimates, but highlighted significant year-over-year improvements.
Missing the EPS and sales estimates could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. However, the year-over-year growth in earnings and sales might mitigate some of the negative impact, indicating an improving financial health of the company.
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RELEVANCE 100