We analyze the rise in Blacksky Technology shares and recommend whether investors should ride the rally or book profits now.
BlackSky Technology Inc. (BKSY) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.40 per share a year ago.
BlackSky Technology (BKSY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
BlackSky Technology (BKSY 12.60%) stock has gained 42% over the past 52 weeks -- and its run is not yet done.
BlackSky Technology's new Generation 3 satellite technology and the increasing efficiency of its launch partner RocketLab demonstrate the viability of the company's business model. BlackSky is rapidly expanding its business with foreign militaries, with those revenues increasing from a 17% share in 2023 to a 37% share in 2024. A pivotal contract with Emerging Dynamics boosts BlackSky's foreign military revenue, leveraging increased defense spending by US-aligned nations amid global tensions.
BlackSky Technology (BKSY 6.38%) shares soared 11.2% through 10:55 a.m. ET Tuesday after the company announced it has just signed a "strategic international defense sector customer" (yet to be identified) to a $100 million spy satellite contract.
What a long, strange trip it's been since space stocks stormed onto the stock market in 2021.
The average of price targets set by Wall Street analysts indicates a potential upside of 47.4% in BlackSky Technology (BKSY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
We analyze the recent rise in BlackSky Technology shares and recommend whether one should play it or let it go.
BlackSky Technology (BKSY 3.37%) missed analyst forecasts for both sales and earnings earlier this month, but investors didn't seem to mind very much. Shares of the commercial spy satellite operator actually closed out last week above $8, gaining about 9% from their pre-earnings price.
The consensus price target hints at a 48.6% upside potential for BlackSky Technology (BKSY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Blacksky Technology Inc. (NYSE:BKSY ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Aly Bonilla - Vice President-Investor Relations Brian O'Toole - President and Chief Executive Officer Henry Dubois - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Scott Buck - H.C. Wainwright Josh Sullivan - Benchmark Company Jeff Van Rhee - Craig-Hallum Dave Storms - Stonegate Caleb Henry - Quilty Space Operator Good morning, ladies and gentlemen, welcome to BlackSky Technology's Third Quarter 2024 Earnings Conference Call.