Noble Financial Expects Lower Earnings for SKYX Platforms

Key Points

• Noble Financial lowered its Q3 2026 EPS forecast for SKYX Platforms to a loss of $0.06 per share from $0.05, while maintaining a “Strong-Buy” rating. It projects losses of $0.24 per share for FY2026 and $0.18 for FY2027.
• SKYX Platforms reported a quarterly loss of $0.06 per share, missing consensus by $0.01, although revenue of $25.27 million exceeded estimates of $24.07 million.
• Analyst sentiment remains mixed but leans positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $4.67. The stock opened at $1.14 and is down substantially from its 12-month high of $3.29.

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Stock analysts at Noble Financial reduced their Q3 2026 earnings per share (EPS) estimates for shares of SKYX Platforms in a research report issued on Friday, August 14th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of ($0.06) per share for the quarter, down from their previous forecast of ($0.05). Noble Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for SKYX Platforms' current full-year earnings is ($0.21) per share. Noble Financial also issued estimates for SKYX Platforms' Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.18) EPS.

A number of other research analysts have also issued reports on SKYX. Lake Street Capital decreased their target price on SKYX Platforms from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday. Wall Street Zen lowered shares of SKYX Platforms from a "hold" rating to a "sell" rating in a report on Saturday, June 20th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of SKYX Platforms in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $4.67.

SKYX Platforms Stock Up 1.8%

SKYX Platforms stock opened at $1.14 on Tuesday. The stock has a market capitalization of $153.31 million, a PE ratio of -4.22 and a beta of -3,491.50. SKYX Platforms has a 12 month low of $0.95 and a 12 month high of $3.29. The business has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $1.39. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.46 and a quick ratio of 1.28.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baxter Bros Inc. purchased a new position in shares of SKYX Platforms during the second quarter worth approximately $25,000. Hsbc Holdings PLC purchased a new stake in shares of SKYX Platforms during the second quarter worth approximately $30,000. Invesco Ltd. purchased a new position in SKYX Platforms in the 2nd quarter valued at $34,000. Vise Technologies Inc. acquired a new position in SKYX Platforms in the 4th quarter valued at $35,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SKYX Platforms during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 11.79% of the company's stock.

About SKYX Platforms

SKYX Platforms NASDAQ: SKYX provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.

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