Skydance (NYSE:SKYD) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Key Points

• Skydance reported quarterly EPS of $0.45, beating analysts’ $0.18 consensus estimate by $0.27. The company had a 4.11% return on equity but a negative 2.13% net margin.
• Shares rose $0.69 to $8.70 in Monday trading, with volume well above the average. The stock’s reported analyst consensus is Hold, with an average price target of $6.02.
• Analyst views are mixed: recent actions included Buy and Overweight ratings as well as a downgrade to Neutral; coverage overall includes 10 Buys, seven Holds, and seven Sells.

Skydance (NYSE:SKYD - Get Free Report) released its earnings results on Monday. The media and entertainment company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.27, Zacks reports. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.

Skydance Stock Performance

SKYD stock traded up $0.69 during trading on Monday, hitting $8.70. 28,231,609 shares of the company traded hands, compared to its average volume of 14,627,708. The stock's 50-day simple moving average is $6.68 and its 200 day simple moving average is $5.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88. The company has a market cap of $9.76 billion, a PE ratio of 30.00 and a beta of 1.64. Skydance has a 1 year low of $6.61 and a 1 year high of $17.16.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Roth Capital initiated coverage on Skydance in a research note on Friday, October 23rd. They issued a "buy" rating for the company. Piper Sandler lowered shares of Skydance to a "neutral" rating in a research report on Friday, October 23rd. Stephens upgraded shares of Skydance from a "buy" rating to an "overweight" rating in a research note on Friday, October 23rd. Citigroup assumed coverage on shares of Skydance in a report on Monday, October 26th. They issued a "buy" rating and a $10.00 price objective on the stock. Finally, Huber Research upgraded shares of Skydance to an "overweight" rating in a research note on Tuesday, October 27th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, Skydance presently has a consensus rating of "Hold" and an average price target of $6.02.

Trending Headlines about Skydance

Here are the key news stories impacting Skydance this week:

• Neutral Sentiment: James Gunn and Peter Safran are set to leave DC Studios next month, with Marvel veteran Jeremy Latcham named president and creative chief. His experience could bring a fresh direction, but the transition creates uncertainty around the studio’s creative plans. Skydance replaces DC Studios leaders James Gunn and Peter Safran
• Neutral Sentiment: Reports say Skydance has begun layoffs across its games division following the Warner Bros. acquisition. The cuts may be part of integration and cost-control efforts, though restructuring could also disrupt teams and projects. Paramount Skydance Starts Layoffs Across Games Division Following Warner Bros. Acquisition
• Negative Sentiment: Skydance’s first earnings report since combining with Paramount and Warner Bros. is expected to put its streaming strategy under scrutiny. Investors will look for evidence that the expanded media business can execute its plans and manage the integration. Skydance earnings will put its streaming strategy to the test

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

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