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

Satellogic (NASDAQ:SATL) announced its quarterly earnings results on Tuesday. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16, FiscalAI reports. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. The business had revenue of $16.04 million for the quarter, compared to analysts’ expectations of $12.44 million.

Satellogic Trading Down 1.5%

Shares of NASDAQ SATL traded down $0.06 during midday trading on Tuesday, hitting $3.90. 5,572,001 shares of the company traded hands, compared to its average volume of 8,177,358. Satellogic has a 12-month low of $1.25 and a 12-month high of $12.00. The firm has a market cap of $599.59 million, a P/E ratio of -4.76 and a beta of 1.49. The stock has a 50-day moving average price of $4.62 and a 200 day moving average price of $5.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34.

Analyst Upgrades and Downgrades

SATL has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a report on Monday, September 21st. Roth Capital reiterated a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Zacks Research lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Satellogic currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.90.

About Satellogic

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.