BlackSky Technology Inc.
BKSY plans to announce its Q1 2025 financial outcomes on May 8, prior to market opening.
BKSY’s earnings surprise history has not been impressive. Its earnings lagged the Zacks Consensus Estimate in three of the trailing four quarters and beat once, with an average negative surprise of 12.9%.
Points to Consider Before BKSY’s Q1 Earnings Release
For the upcoming report, the Zacks Consensus Estimate for revenues is pegged at $27.5 million, implying a 13.6% year-over-year increase. This anticipated growth is likely to have been driven by increased subscription orders for imagery and analytics, renewals from existing clients seeking additional services, and new contracts for professional and engineering services with both new and returning customers.
Regarding financial performance, analysts expect a loss of 47 cents per share, which would be better than last year’s deficit of 88 cents. This anticipated positive shift in profitability is due to increased operational efficiency, supported by greater sales revenue and stronger profit margins.
What Our Model Reveals About BKSY
Our proven model does not conclusively predict an earnings beat for BKSY this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
BKSY boasts an Earnings ESP of 0.00% and holds a Zacks Rank of 4 (Sell). (For the most recent earnings per share estimates and surprise details, check out the Zacks Earnings Calendar.)
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The full lineup of today’s Zacks #1 rank stocks can be found here.
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Nayax
For NYAX, the projected revenue for the first quarter of fiscal year 2025 stands at $85.6 million, reflecting a yearly increase of approximately 33.9%. Analysts also forecast earnings per share to be around 4 cents compared to a deficit of 15 cents during the same period last year. Over the previous four quarters, this figure has exceeded expectations twice but fallen short equally often, averaging out to an unexpected shortfall of about 206.3% each time it didn’t meet estimates.
NYAX presently boasts an Earnings ESP of +42.86% along with a Zacks Rank of 3. They are set to release their first-quarter 2025 earnings report on May 13.
Remitly Global
DEPEND: According to the Zacks Consensus Estimate, the expected revenue for the firm’s Q1 fiscal year 2025 stands at $347 million, reflecting a yearly increase of approximately 28.9%. Analysts project a loss of 4 cents per share, significantly less than the 11-cent loss reported in the same period last year. Over the previous four quarters, this corporation has consistently surpassed the projected earnings estimates, achieving an average positive deviation of around 58.8%.
Currently, RELY boasts an Earnings ESP of +14.29% along with a Zacks Rank of 3. The firm plans to release its first-quarter 2025 financials on May 7.
The article was initially posted on Zacks Investment Research (Dailyexe).
