Brokers Issue Forecasts for BlackSky Technology Inc.’s FY2024 Earnings (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY) – Analysts at Sidoti Csr increased their FY2024 earnings per share estimates for BlackSky Technology in a report issued on Wednesday, September 25th. Sidoti Csr analyst G. Burns now forecasts that the company will post earnings of ($2.31) per share for the year, up from their previous estimate of ($2.46). The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.59) per share. Sidoti Csr also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.32) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.36) EPS, Q3 2025 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($1.24) EPS, Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.30) EPS.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.24. The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period in the previous year, the firm posted ($1.92) earnings per share.

BlackSky Technology Stock Performance

NYSE BKSY opened at $4.46 on Friday. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $14.16. The stock has a market cap of $83.00 million, a price-to-earnings ratio of -11.74 and a beta of 1.00. The business has a fifty day moving average of $7.81 and a 200-day moving average of $8.85. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41.

Insider Transactions at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 23,590 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the transaction, the chief financial officer now directly owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Brian E. O’toole sold 24,352 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the transaction, the chief executive officer now directly owns 479,785 shares of the company’s stock, valued at $3,449,654.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Henry Edward Dubois sold 23,590 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the transaction, the chief financial officer now directly owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The disclosure for this sale can be found here. Insiders sold a total of 62,362 shares of company stock valued at $446,535 over the last three months. 3.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in BKSY. GSA Capital Partners LLP grew its position in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after purchasing an additional 174,773 shares during the period. Vanguard Group Inc. grew its position in shares of BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares during the period. Virtu Financial LLC grew its position in shares of BlackSky Technology by 134.5% in the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after purchasing an additional 83,462 shares during the period. LA Financiere DE L Echiquier grew its position in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after purchasing an additional 112,000 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the second quarter valued at $295,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.