Sidoti Equities Analysts Reduce Earnings Estimates for BKSY

BlackSky Technology Inc. (NYSE:BKSY) – Equities researchers at Sidoti reduced their Q2 2026 earnings per share (EPS) estimates for BlackSky Technology in a research note issued on Friday, May 8th. Sidoti analyst G. Burns now anticipates that the company will post earnings of ($0.39) per share for the quarter, down from their prior estimate of ($0.34). The consensus estimate for BlackSky Technology’s current full-year earnings is ($1.34) per share. Sidoti also issued estimates for BlackSky Technology’s Q4 2026 earnings at $0.03 EPS, FY2026 earnings at ($1.20) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at $0.00 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at ($0.04) EPS and FY2028 earnings at $0.41 EPS.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). The business had revenue of $20.77 million during the quarter, compared to analyst estimates of $27.60 million. BlackSky Technology had a negative return on equity of 72.20% and a negative net margin of 89.07%.

A number of other equities analysts have also commented on BKSY. Canaccord Genuity Group reduced their price objective on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Monday, April 20th. Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $42.00 price target on shares of BlackSky Technology in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.40.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $41.53 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.37 and a current ratio of 3.48. The firm has a market cap of $1.54 billion, a P/E ratio of -16.28 and a beta of 2.44. The business’s fifty day moving average is $30.06 and its two-hundred day moving average is $23.94. BlackSky Technology has a 52 week low of $9.88 and a 52 week high of $43.11.

Hedge Funds Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of BlackSky Technology during the fourth quarter valued at $26,000. Strive Financial Group LLC acquired a new position in shares of BlackSky Technology during the fourth quarter valued at $26,000. Global Retirement Partners LLC bought a new stake in BlackSky Technology in the fourth quarter valued at about $28,000. Wexford Capital LP bought a new stake in BlackSky Technology in the third quarter valued at about $30,000. Finally, IFP Advisors Inc increased its holdings in BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology News Summary

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: Sidoti boosted its FY2028 EPS estimate to $0.41 from a prior loss estimate, signaling stronger long-term earnings potential.
• Positive Sentiment: The firm also lifted FY2027 estimates to a smaller loss of $0.04 per share, implying BlackSky may be nearing profitability sooner than previously expected.
• Positive Sentiment: Nearer-term outlook improved too, with Sidoti raising Q4 2026 to $0.03 EPS, Q1 2027 to a smaller loss, and Q4 2027 to $0.18 EPS.
• Neutral Sentiment: Despite the upgrades, BlackSky is still expected to remain unprofitable in FY2026 and only slightly negative in FY2027, so the turnaround is not yet complete.
• Negative Sentiment: Sidoti lowered its Q2 2026 estimate to a larger loss of $0.39 per share, and the company’s current-year consensus remains deeply negative at $1.34 per share in losses.

About BlackSky Technology

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.