SKYX Platforms Q3 EPS Forecast Reduced by Noble Financial

SKYX Platforms Corp. (NASDAQ:SKYX) – Equities researchers at Noble Financial cut their Q3 2026 earnings estimates for shares of SKYX Platforms in a research note issued to investors on Friday, August 14th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings of ($0.06) per share for the quarter, down from their previous estimate of ($0.05). Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.21) per share. Noble Financial also issued estimates for SKYX Platforms’ Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.18) EPS.

SKYX Platforms (NASDAQ:SKYX) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $25.27 million for the quarter, compared to analysts’ expectations of $24.07 million.

Several other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research report on Friday, July 17th. Wall Street Zen cut shares of SKYX Platforms from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Lake Street Capital cut their price objective on shares of SKYX Platforms from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.67.

SKYX Platforms Stock Up 1.8%

SKYX stock opened at $1.14 on Tuesday. The company’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $1.39. The firm has a market capitalization of $153.31 million, a PE ratio of -4.22 and a beta of -3,491.50. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.46 and a quick ratio of 1.28. SKYX Platforms has a 12 month low of $0.95 and a 12 month high of $3.29.

Hedge Funds Weigh In On SKYX Platforms

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in SKYX Platforms by 7.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,326,427 shares of the company’s stock worth $3,726,000 after buying an additional 235,625 shares during the period. Geode Capital Management LLC increased its position in shares of SKYX Platforms by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,742,309 shares of the company’s stock worth $3,782,000 after acquiring an additional 224,297 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of SKYX Platforms by 243.9% in the first quarter. Renaissance Technologies LLC now owns 1,221,500 shares of the company’s stock worth $1,368,000 after acquiring an additional 866,287 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in shares of SKYX Platforms during the first quarter valued at approximately $1,288,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of SKYX Platforms in the 2nd quarter valued at approximately $1,326,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

About SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.