What is Sidoti's Estimate for BKSY Q3 Earnings?

Key Points

• Sidoti forecasts Q3 2028 EPS of $0.11 for BlackSky Technology, while analysts expect a full-year loss of $1.09 per share.
• BlackSky’s latest quarter missed earnings expectations, reporting a loss of $0.54 per share versus the consensus loss of $0.38, although revenue of $33.32 million exceeded estimates.
• Analyst sentiment is moderately bullish, with an average rating of “Moderate Buy” and a $39.33 price target, compared with the stock’s reported opening price of $21.12.

BlackSky Technology Inc. (NYSE:BKSY - Free Report) - Stock analysts at Sidoti issued their Q3 2028 EPS estimates for BlackSky Technology in a research report issued on Friday, September 25th. Sidoti analyst G. Burns expects that the company will earn $0.11 per share for the quarter. The consensus estimate for BlackSky Technology's current full-year earnings is ($1.09) per share.

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

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

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $21.12 on Friday. BlackSky Technology has a 12-month low of $12.41 and a 12-month high of $52.88. The business's fifty day simple moving average is $24.11 and its 200-day simple moving average is $29.66. 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 company has a market cap of $864.19 million, a PE ratio of -11.60 and a beta of 2.70.

Insiders Place Their Bets

In other BlackSky Technology news, CEO Brian O'Toole sold 56,280 shares of BlackSky Technology stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $20.95, for a total transaction of $1,179,066.00. Following the completion of the sale, the chief executive officer directly owned 1,063,396 shares in the company, valued at approximately $22,278,146.20. The trade was a 5.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Henry Dubois sold 15,225 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $20.95, for a total transaction of $318,963.75. Following the completion of the sale, the chief financial officer directly owned 482,931 shares in the company, valued at $10,117,404.45. This trade represents a 3.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 138,557 shares of company stock valued at $2,991,269. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackSky Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. grew its stake in shares of BlackSky Technology by 125.5% during the 1st quarter. Sei Investments Co. now owns 65,650 shares of the company's stock worth $1,652,000 after purchasing an additional 36,541 shares during the period. Jasper Ridge Partners L.P. acquired a new position in shares of BlackSky Technology in the 2nd quarter valued at $2,087,000. Tema ETFs LLC lifted its stake in shares of BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock valued at $40,393,000 after purchasing an additional 1,445,416 shares during the period. Tidal Investments LLC purchased a new stake in BlackSky Technology during the second quarter worth $39,289,000. Finally, Bank of America Corp DE grew its position in BlackSky Technology by 156.1% during the first quarter. Bank of America Corp DE now owns 412,891 shares of the company's stock valued at $10,388,000 after buying an additional 251,638 shares during the period. Institutional investors and hedge funds own 27.15% of the company's stock.

Key Stories Impacting BlackSky Technology

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: SkyFi partnership expands BlackSky’s commercial reach. BlackSky has been selected as the first satellite-imagery provider for SkyFi’s “Satellite Intelligence,” a Robinhood Agent App expected to launch in the coming weeks. The tool will combine BlackSky’s rapid-revisit, very-high-resolution imagery with SkyFi’s AI analytics, giving users access to geospatial intelligence on factories, fulfillment centers, data-center construction and theme-park sites. BlackSky Named First Satellite Imagery Provider for SkyFi Satellite Intelligence
• Positive Sentiment: Greater visibility could support future demand. Distribution through Robinhood’s agent-app ecosystem may introduce BlackSky’s data to a broader investor and business audience and create a new commercial channel, although the companies did not disclose financial terms. BlackSky Named Satellite Imagery Provider for SkyFi
• Positive Sentiment: Analyst expectations remain above the current share price. A report cites an average analyst price target of $39.33, which suggests substantial upside if BlackSky meets execution expectations. Price targets are estimates, not guarantees. BlackSky Average Analyst Price Target
• Neutral Sentiment: Short-squeeze interest could increase volatility. BlackSky appears on a list of stocks with potentially high short-squeeze potential, which may attract speculative buying, but it does not represent a fundamental change in the company’s business. Stocks With Short Squeeze Potential
• Negative Sentiment: Macro conditions remain a headwind. Rising bond yields, oil prices and inflation concerns are making investors more cautious heading into the fourth quarter, potentially weighing on speculative and unprofitable technology stocks such as BKSY.

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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