Skillz (SKLZ) Scheduled to Post Quarterly Earnings on Thursday

Skillz (NYSE:SKLZ) will be posting its quarterly earnings results 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 posted its quarterly earnings results on Thursday, March 14th. The company reported ($1.04) EPS for the quarter, beating 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 analysts’ expectations 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

SKLZ traded down $0.25 during trading on Wednesday, reaching $6.36. 7,479 shares of the company traded hands, compared to its average volume of 161,542. Skillz has a 12-month low of $3.96 and a 12-month high of $14.78. The firm has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $6.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.41 and a current ratio of 5.41. The company has a market cap of $136.42 million, a P/E ratio of -1.21 and a beta of 2.76.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of Skillz in a report on Friday, March 15th.

Skillz Company Profile

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.