We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Skillz Inc. (SKLZ) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Skillz Inc. (SKLZ - Free Report) closed at $0.62, marking a +0.89% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 4.46%.
Heading into today, shares of the company had gained 15.34% over the past month, outpacing the Consumer Discretionary sector's gain of 3.56% and the S&P 500's gain of 4.04% in that time.
Skillz Inc. will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2023. In that report, analysts expect Skillz Inc. to post earnings of -$0.07 per share. This would mark year-over-year growth of 61.11%. Meanwhile, our latest consensus estimate is calling for revenue of $45.89 million, down 50.89% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.27 per share and revenue of $192.86 million. These totals would mark changes of +51.79% and -29.59%, respectively, from last year.
Investors might also notice 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 41.61% higher. Skillz Inc. is currently a Zacks Rank #1 (Strong Buy).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Skillz Inc. (SKLZ) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Skillz Inc. (SKLZ - Free Report) closed at $0.62, marking a +0.89% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 4.46%.
Heading into today, shares of the company had gained 15.34% over the past month, outpacing the Consumer Discretionary sector's gain of 3.56% and the S&P 500's gain of 4.04% in that time.
Skillz Inc. will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2023. In that report, analysts expect Skillz Inc. to post earnings of -$0.07 per share. This would mark year-over-year growth of 61.11%. Meanwhile, our latest consensus estimate is calling for revenue of $45.89 million, down 50.89% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.27 per share and revenue of $192.86 million. These totals would mark changes of +51.79% and -29.59%, respectively, from last year.
Investors might also notice 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 41.61% higher. Skillz Inc. is currently a Zacks Rank #1 (Strong Buy).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.