Could Skillz's Q2 Earnings Report Reverse Its Recent Stock Slide?
Shares of competitive mobile gaming platform operator Skillz (NYSE: SKLZ) have declined by 24% over the past month, but the company reports its second-quarter earnings on Aug. 3, and a strong showing could spark a comeback. Here are three things investors should be focused on when that earnings report arrives.
Skillz went public via a SPAC merger in December, and since then, it has delivered two quarterly reports. In both cases, its revenue growth exceeded analysts' average estimates, and management has raised its 2021 guidance by 2.5% to $375 million.
The question now is whether management will stand pat with its current forecast or if it will again raise its outlook. Skillz has based its guidance on the games it already has on the platform and the markets it's already operating in, so any new additions to the business will be icing on the cake.
Source Fool.com
