BlackSky Technology (BKSY) Projected to Post Quarterly Earnings on Thursday

Key Points

• BlackSky Technology (NYSE:BKSY) is set to announce its Q2 2025 earnings on August 7th, with analysts predicting an earnings loss of ($0.40) per share and revenue of $22.17 million.
• In a recent report, analysts noted that BlackSky’s last earnings surpassed expectations, reporting a loss of ($0.42) per share against a consensus estimate of ($0.47), indicating improved performance.
• Multiple analysts have provided positive ratings for BlackSky Technology, with several raising their price targets, leading to a current consensus rating of "Buy" and a target price of $23.50.

BlackSky Technology (NYSE:BKSY - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect BlackSky Technology to post earnings of ($0.40) per share and revenue of $22.17 million for the quarter. BlackSky Technology has set its FY 2025 guidance at EPS.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.47) by $0.05. The company had revenue of $29.54 million during the quarter, compared to analysts' expectations of $27.20 million. BlackSky Technology had a negative net margin of 50.30% and a negative return on equity of 45.63%. On average, analysts expect BlackSky Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

BlackSky Technology Price Performance

BKSY stock traded down $0.36 during midday trading on Friday, hitting $18.88. 1,623,171 shares of the stock were exchanged, compared to its average volume of 2,411,813. The stock's 50-day moving average price is $17.28 and its 200-day moving average price is $13.27. The stock has a market cap of $663.63 million, a price-to-earnings ratio of -7.35 and a beta of 2.09. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.79 and a current ratio of 3.79.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKSY shares. Canaccord Genuity Group decreased their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Lake Street Capital boosted their price objective on shares of BlackSky Technology from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Benchmark boosted their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, HC Wainwright boosted their price target on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $23.50.

Hedge Funds Weigh In On BlackSky Technology

Several institutional investors have recently added to or reduced their stakes in BKSY. AQR Capital Management LLC acquired a new position in BlackSky Technology in the first quarter valued at $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BlackSky Technology by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock valued at $117,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock valued at $4,311,000 after purchasing an additional 432,023 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors and hedge funds.

About BlackSky Technology

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.