Brokers Offer Predictions for SKYX Platforms FY2029 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Research analysts at Litchfield Hills Research cut their FY2029 earnings estimates for SKYX Platforms in a note issued to investors on Thursday, October 22nd. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings per share of $0.11 for the year, down from their previous estimate of $0.13. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.21) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ FY2030 earnings at $0.14 EPS.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $25.27 million for the quarter, compared to analyst estimates of $24.07 million.

SKYX has been the subject of a number of other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of SKYX Platforms in a report on Thursday, October 15th. Lake Street Capital decreased their price target on shares of SKYX Platforms from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered shares of SKYX Platforms from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SKYX Platforms has an average rating of “Moderate Buy” and an average target price of $4.50.

SKYX Platforms Price Performance

Shares of SKYX Platforms stock opened at $0.79 on Monday. The stock has a 50 day moving average of $1.16 and a 200 day moving average of $1.41. SKYX Platforms has a 12 month low of $0.75 and a 12 month high of $3.29.

Institutional Trading of SKYX Platforms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKYX. Kanen Wealth Management LLC purchased a new position in shares of SKYX Platforms during the first quarter valued at approximately $1,288,000. Allied Private Wealth LLC purchased a new stake in shares of SKYX Platforms in the second quarter worth approximately $1,326,000. BlackRock Inc. purchased a new stake in shares of SKYX Platforms in the second quarter worth approximately $1,100,000. Renaissance Technologies LLC raised its holdings in shares of SKYX Platforms by 243.9% in the first quarter. Renaissance Technologies LLC now owns 1,221,500 shares of the company’s stock worth $1,368,000 after buying an additional 866,287 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of SKYX Platforms during the 2nd quarter worth approximately $853,000. 11.79% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SKYX Platforms

Here are the key news stories impacting SKYX Platforms this week:

• Positive Sentiment: Analyst EPS estimates improved: Litchfield Hills Research raised its Q4 2026 estimate to a loss of $0.02 per share from $0.03 and its FY2026 estimate to a loss of $0.18 from $0.20. Both forecasts are better than the current full-year consensus estimate of a $0.22 loss, suggesting expectations for reduced losses.
• Positive Sentiment: New homebuilder opportunity: SKYX and subsidiary Deako expect to supply approximately 60,000 smart-home technology units to more than 700 Home Creations homes in Oklahoma and Texas over the next 12 months. The expected deployment expands SKYX’s builder-market reach and follows more than 140,000 units associated with over 1,700 homes since the Deako merger. SKYX and Deako Home Creations announcement
• Positive Sentiment: Potential operating leverage: Management says the Deako combination could reduce annual cash expenses by more than $6 million, while a broader product offering could increase revenue per home by as much as five times. These benefits could improve SKYX’s path toward positive cash flow if execution is successful.
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, with zero days to cover. This suggests no measurable short-squeeze catalyst, although the data may be incomplete or unusual given SKYX’s trading activity.
• Negative Sentiment: Longer-term estimate cut: An analyst lowered the FY2029 EPS estimate, indicating that profitability expectations farther out remain uncertain. FY2029 EPS estimate for SKYX Platforms lowered
• Negative Sentiment: Execution and financing risks remain: The 60,000-unit opportunity is an expectation rather than reported revenue, and SKYX continues to operate at a loss. The company also cautions that commercialization, customer adoption, cash flow, and the need for additional capital could prevent projected benefits from materializing.

SKYX Platforms Company Profile

SKYX Platforms Corp. is a technology company focused on smart-home and smart-building solutions designed to make residential and commercial spaces safer, more connected and easier to automate. Its products are intended to simplify the installation and use of connected electrical and lighting systems, particularly in new construction and renovation projects.

The company develops and markets products such as smart plug-and-play electrical receptacles, ceiling outlet and lighting platforms, smart switches, fixtures and related technologies.