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Skillz Inc. (SKLZ) Stock Sinks As Market Gains: What You Should Know
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Skillz Inc. (SKLZ - Free Report) closed the most recent trading day at $4.80, moving -0.83% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.
Coming into today, shares of the company had lost 43.13% in the past month. In that same time, the Consumer Discretionary sector lost 9.68%, while the S&P 500 lost 5.39%.
Wall Street will be looking for positivity from Skillz Inc. as it approaches its next earnings report date. In that report, analysts expect Skillz Inc. to post earnings of -$0.14 per share. This would mark a year-over-year decline of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $114.37 million, up 68.89% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Skillz Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Skillz Inc. is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKLZ in the coming trading sessions, be sure to utilize Zacks.com.
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Skillz Inc. (SKLZ) Stock Sinks As Market Gains: What You Should Know
Skillz Inc. (SKLZ - Free Report) closed the most recent trading day at $4.80, moving -0.83% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.
Coming into today, shares of the company had lost 43.13% in the past month. In that same time, the Consumer Discretionary sector lost 9.68%, while the S&P 500 lost 5.39%.
Wall Street will be looking for positivity from Skillz Inc. as it approaches its next earnings report date. In that report, analysts expect Skillz Inc. to post earnings of -$0.14 per share. This would mark a year-over-year decline of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $114.37 million, up 68.89% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Skillz Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Skillz Inc. is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKLZ in the coming trading sessions, be sure to utilize Zacks.com.