Skillz (SKLZ) Set to Announce Earnings on Thursday

Skillz (NYSE:SKLZ) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($1.24) per share for the quarter.

Skillz (NYSE:SKLZ) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($1.04) earnings per share for the quarter, beating the consensus estimate of ($1.48) by $0.44. Skillz had a negative net margin of 74.59% and a negative return on equity of 50.98%. The firm had revenue of $29.14 million for the quarter, compared to the consensus estimate of $38.39 million. On average, analysts expect Skillz to post $-4 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Skillz Price Performance

NYSE SKLZ opened at $6.61 on Wednesday. The company has a 50-day moving average price of $6.43 and a two-hundred day moving average price of $6.10. The stock has a market cap of $141.78 million, a price-to-earnings ratio of -1.21 and a beta of 2.76. The company has a current ratio of 5.41, a quick ratio of 5.41 and a debt-to-equity ratio of 0.54. Skillz has a 52 week low of $3.96 and a 52 week high of $14.78.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of Skillz in a research note on Friday, March 15th.

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.