Skillz Inc reports results for the quarter - Earnings Summary

• Skillz Inc SKLZ.N reported a quarterly adjusted loss of $1.20​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of $-1.57. The mean expectation of four analysts for the quarter was for a loss of $1.11 per share. Wall Street expected results to range from $-1.50 to -92 cents per share.

• Revenue fell 32.6% to $24.56 million from a year ago; analysts expected $26.66 million.

• Skillz Inc's reported EPS for the quarter was a loss of $1.20​.

• The company reported a quarterly loss of $21.12 million.

• Skillz Inc shares had risen by 0.2% this quarter and lost 9.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $6.50

This summary was machine generated from LSEG data November 8 at 09:03 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)