Skillz (SKLZ) Scheduled to Post Earnings on Thursday

Skillz (NYSE:SKLZ) is set to 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 released its quarterly earnings results on Thursday, March 14th. The company reported ($1.04) EPS for the quarter, topping analysts’ consensus estimates of ($1.48) by $0.44. Skillz had a negative return on equity of 50.98% and a negative net margin of 74.59%. The business had revenue of $29.14 million for the quarter, compared to analyst estimates 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

Shares of SKLZ traded down $0.20 during mid-day trading on Wednesday, hitting $6.41. 5,255 shares of the company traded hands, compared to its average volume of 161,510. The stock has a market capitalization of $137.49 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. The business has a 50-day moving average of $6.43 and a 200 day moving average of $6.10. Skillz has a one year low of $3.96 and a one year high of $14.78.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “outperform” rating and issued a $15.00 target price 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.