Skillz (SKLZ) Set to Announce Quarterly Earnings on Thursday

Skillz (NYSE:SKLZ) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Skillz to post earnings of ($1.24) per share for the quarter.

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

Skillz Stock Down 3.8 %

Shares of Skillz stock traded down $0.25 during trading hours on Wednesday, hitting $6.36. 7,479 shares of the company’s stock traded hands, compared to its average volume of 161,542. The company has a quick ratio of 5.41, a current ratio of 5.41 and a debt-to-equity ratio of 0.54. Skillz has a twelve month low of $3.96 and a twelve month high of $14.78. The stock has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $6.10. The company has a market cap of $136.42 million, a PE ratio of -1.21 and a beta of 2.76.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Skillz in a research report 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.