Q1 Earnings Estimate for BKSY Issued By Sidoti

Key Points

• Sidoti forecasts BlackSky Technology will report Q1 2028 earnings of a $0.01 loss per share and Q2 2028 earnings of $0.03 per share. The current full-year consensus estimate is a $1.09 loss per share.
• BlackSky’s latest quarterly results missed expectations, with an EPS loss of $0.54 versus the $0.38 consensus, although revenue of $33.32 million exceeded estimates of $30.72 million. The company reported negative net margin and return on equity.
• Analyst sentiment is mixed but averages to a “Moderate Buy”, with a consensus price target of $39.33 versus the stock’s recent price near $23.18. Institutional investors own 27.15% of shares, while insiders have sold about 138,557 shares worth $2.99 million over the past 90 days.

BlackSky Technology Inc. (NYSE:BKSY - Free Report) - Research analysts at Sidoti issued their Q1 2028 EPS estimates for BlackSky Technology in a report issued on Friday, September 25th. Sidoti analyst G. Burns forecasts that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for BlackSky Technology's current full-year earnings is ($1.09) per share. Sidoti also issued estimates for BlackSky Technology's Q2 2028 earnings at $0.03 EPS.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The firm had revenue of $33.32 million for the quarter, compared to analysts' expectations of $30.72 million.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded BlackSky Technology from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Clear Str upgraded shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Jefferies Financial Group raised shares of BlackSky Technology to a "hold" rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.33.

BlackSky Technology Price Performance

BKSY opened at $23.18 on Monday. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $948.65 million, a P/E ratio of -12.74 and a beta of 2.61. The stock has a 50-day moving average price of $24.18 and a 200-day moving average price of $29.71. BlackSky Technology has a 12-month low of $12.41 and a 12-month high of $52.88.

Institutional Trading of BlackSky Technology

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in shares of BlackSky Technology in the 2nd quarter worth about $39,289,000. Integrated Wealth Concepts LLC purchased a new position in BlackSky Technology during the 2nd quarter valued at about $216,000. Squarepoint Ops LLC purchased a new position in BlackSky Technology during the 2nd quarter valued at about $1,127,000. Connective Capital Management LLC bought a new stake in BlackSky Technology during the second quarter worth about $400,000. Finally, Arizona State Retirement System bought a new stake in BlackSky Technology during the second quarter worth about $236,000. Institutional investors own 27.15% of the company's stock.

Insider Activity

In related news, CFO Henry Dubois sold 4,000 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $22.97, for a total value of $91,880.00. Following the sale, the chief financial officer directly owned 478,931 shares of the company's stock, valued at $11,001,045.07. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christiana L. Lin sold 6,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $23.10, for a total value of $138,600.00. Following the completion of the transaction, the chief accounting officer owned 421,680 shares of the company's stock, valued at approximately $9,740,808. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 138,557 shares of company stock valued at $2,991,269. Corporate insiders own 5.20% of the company's stock.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky's offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

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