Earnings Outlook For SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) will release its quarterly earnings report on Tuesday, 2024-11-12. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate SKYX Platforms to report an earnings per share (EPS) of $-0.09.

The announcement from SKYX Platforms is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

Last quarter the company beat EPS by $0.03, which was followed by a 2.51% increase in the share price the next day.

Here's a look at SKYX Platforms's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.11

-0.09

-0.08

-0.08

EPS Actual

-0.08

-0.10

-0.14

-0.08

Price Change %

3.0%

-4.0%

-6.0%

32.0%

Market Performance of SKYX Platforms's Stock

Shares of SKYX Platforms were trading at $1.4 as of November 08. Over the last 52-week period, shares are down 21.26%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analyst Opinions on SKYX Platforms

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on SKYX Platforms.

With 2 analyst ratings, SKYX Platforms has a consensus rating of Buy. The average one-year price target is $3.5, indicating a potential 150.0% upside.

Peer Ratings Comparison

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