* Skillz Inc reported a quarterly adjusted loss of $1.10 per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of $-1.77. The mean expectation of three analysts for the quarter was for a loss of $1.36 per share. Wall Street expected results to range from $-1.57 to $-1.25 per share.
* Revenue fell 37% to $25.30 million from a year ago; analysts expected $26.63 million.
* Skillz Inc's reported EPS for the quarter was $1.44.
* The company reported quarterly net income of $26.05 million.
* Skillz Inc shares had fallen by 10.2% this quarter and gained 3.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 15.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Skillz Inc is $7.00 This summary was machine generated from LSEG data August 1 at 10:05 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 -1.36 -1.10 Beat
Mar. 31 2024 -1.23 -1.45 Missed
Dec. 31 2023 -1.39 -1.04 Beat
Jan. 1 0001 -1.41 -1.57 Missed
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