Wedbush Forecasts Skillz's Q2 Earnings (NYSE:SKLZ)

Skillz Inc. (NYSE:SKLZ - Free Report) - Equities research analysts at Wedbush issued their Q2 2025 EPS estimates for shares of Skillz in a report released on Tuesday, July 1st. Wedbush analyst A. Reese expects that the company will post earnings per share of ($1.53) for the quarter. Wedbush currently has a "Strong-Buy" rating on the stock. The consensus estimate for Skillz's current full-year earnings is ($4.35) per share. Wedbush also issued estimates for Skillz's Q3 2025 earnings at ($1.43) EPS, Q4 2025 earnings at ($1.33) EPS, FY2025 earnings at ($5.21) EPS, Q1 2026 earnings at ($0.94) EPS, Q2 2026 earnings at ($1.35) EPS, Q3 2026 earnings at ($1.31) EPS, Q4 2026 earnings at ($1.28) EPS, FY2026 earnings at ($4.88) EPS and FY2027 earnings at ($4.67) EPS.

Separately, Wall Street Zen raised Skillz from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Skillz Stock Up 1.4%

Shares of NYSE:SKLZ traded up $0.10 during midday trading on Friday, hitting $7.44. The stock had a trading volume of 49,436 shares, compared to its average volume of 82,304. Skillz has a 12 month low of $3.54 and a 12 month high of $7.44. The business's 50-day simple moving average is $6.18 and its 200-day simple moving average is $5.62. The company has a market cap of $129.69 million, a P/E ratio of -3.41 and a beta of 2.76.

Skillz (NYSE:SKLZ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.09) by $0.17. The firm had revenue of $22.41 million for the quarter, compared to the consensus estimate of $21.57 million. Skillz had a negative net margin of 39.33% and a negative return on equity of 35.10%.

Institutional Investors Weigh In On Skillz

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PDT Partners LLC lifted its holdings in shares of Skillz by 7.8% during the first quarter. PDT Partners LLC now owns 30,275 shares of the company's stock worth $136,000 after buying an additional 2,200 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Skillz by 13.1% during the fourth quarter. Marshall Wace LLP now owns 20,299 shares of the company's stock worth $102,000 after buying an additional 2,359 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Skillz by 1.6% during the fourth quarter. Renaissance Technologies LLC now owns 404,825 shares of the company's stock worth $2,036,000 after buying an additional 6,200 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Skillz during the fourth quarter worth $57,000. Finally, LPL Financial LLC acquired a new stake in shares of Skillz during the fourth quarter worth $74,000. Institutional investors and hedge funds own 19.42% of the company's stock.

About Skillz

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.