Satellogic (NASDAQ:SATL) Releases Earnings Results, Beats Estimates By $0.16 EPS

Satellogic (NASDAQ:SATL) released its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16, FiscalAI reports. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. The firm had revenue of $16.04 million during the quarter, compared to the consensus estimate of $12.44 million.

Satellogic Stock Performance

NASDAQ:SATL traded down $0.06 on Tuesday, reaching $3.90. 5,317,737 shares of the company’s stock were exchanged, compared to its average volume of 8,170,367. The firm has a market cap of $599.59 million, a price-to-earnings ratio of -4.76 and a beta of 1.49. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.34 and a quick ratio of 2.31. The stock has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $5.27. Satellogic has a 52 week low of $1.25 and a 52 week high of $12.00.

Wall Street Analyst Weigh In

Several research firms recently commented on SATL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, November 4th. Zacks Research downgraded Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a research note on Monday, September 21st. Roth Capital restated a “buy” rating on shares of Satellogic in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Satellogic presently has an average rating of “Moderate Buy” and a consensus price target of $8.90.

Satellogic Company Profile

Satellogic Inc. is a geospatial intelligence company that designs, manufactures and operates a constellation of Earth observation satellites. Its satellites collect high-resolution, multispectral imagery intended to help customers monitor changes on the planet’s surface, including activity related to agriculture, infrastructure, natural resources, climate and national security. The company provides access to satellite imagery, analytics and related data products through its platform. Satellogic also offers satellite-as-a-service and sovereign constellation solutions, allowing government and commercial customers to obtain dedicated Earth observation capabilities and build applications based on frequently updated geospatial data.