Brokers Set Expectations for SKYX Platforms FY2026 Earnings

Key Points

• Litchfield Hills Research raised its FY2026 EPS forecast for SKYX Platforms to a loss of $0.18 per share from a prior estimate of $0.20, while projecting a Q4 2026 loss of $0.02 per share. The revised forecast remains better than the broader consensus loss estimate of $0.22.
• Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $4.50. Price targets and ratings have varied, including a cut to $4.00 from Lake Street Capital and sell ratings from Wall Street Zen and Weiss Ratings.
• SKYX shares opened at $0.78, near their one-year low of $0.75, after the company reported a quarterly loss of $0.06 per share—worse than expectations—despite revenue of $25.27 million exceeding forecasts.

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Litchfield Hills Research upped their FY2026 earnings estimates for SKYX Platforms in a note issued to investors on Thursday, October 22nd. Litchfield Hills Research analyst B. Sine now anticipates that the company will post earnings of ($0.18) per share for the year, up from their prior forecast of ($0.20). The consensus estimate for SKYX Platforms' current full-year earnings is ($0.22) per share. Litchfield Hills Research also issued estimates for SKYX Platforms' Q4 2026 earnings at ($0.02) EPS.

Several other research analysts have also issued reports on SKYX. Lake Street Capital dropped their price objective on SKYX Platforms from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Wall Street Zen cut shares of SKYX Platforms from a "hold" rating to a "sell" rating in a research report on Saturday, October 17th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of SKYX Platforms in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $4.50.

SKYX Platforms Price Performance

SKYX Platforms stock opened at $0.78 on Tuesday. The business has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.41. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.46 and a quick ratio of 1.28. The company has a market capitalization of $108.38 million, a PE ratio of -2.91 and a beta of -3,645.11. SKYX Platforms has a one year low of $0.75 and a one year high of $3.29.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The business had revenue of $25.27 million for the quarter, compared to analysts' expectations of $24.07 million.

Institutional Trading of SKYX Platforms

Several large investors have recently made changes to their positions in SKYX. Renaissance Technologies LLC raised its holdings in shares of SKYX Platforms by 243.9% in the first quarter. Renaissance Technologies LLC now owns 1,221,500 shares of the company's stock valued at $1,368,000 after buying an additional 866,287 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of SKYX Platforms during the second quarter valued at $1,326,000. Kanen Wealth Management LLC acquired a new position in shares of SKYX Platforms during the first quarter valued at $1,288,000. BlackRock Inc. bought a new position in SKYX Platforms in the second quarter valued at about $1,100,000. Finally, Clear Harbor Asset Management LLC bought a new position in SKYX Platforms in the second quarter valued at about $853,000. Institutional investors own 11.79% of the company's stock.

SKYX Platforms Company Profile

SKYX Platforms Corp. is a technology company focused on smart-home and smart-building solutions designed to make residential and commercial spaces safer, more connected and easier to automate. Its products are intended to simplify the installation and use of connected electrical and lighting systems, particularly in new construction and renovation projects.

The company develops and markets products such as smart plug-and-play electrical receptacles, ceiling outlet and lighting platforms, smart switches, fixtures and related technologies.

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