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Sky Harbour Group (SKYH)
NYSE:SKYH
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.25Last Year’s EPS
-0.78Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -13.83%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive trajectory in revenue growth and strategic expansions with new campus operations. The company is also making strides in cost management and successfully raising capital. However, there are some challenges with increased operating expenses and adjustments in debt service coverage expectations. Overall, the company is on a positive growth path with strategic planning to mitigate upcoming challenges.Company Guidance
In the Sky Harbour 2024 Year-End Earnings Call, the company provided guidance on several key metrics for the fourth quarter and the full fiscal year. Assets under construction and completed construction accelerated to over $250 million by year-end, driven by activities in Phoenix, Dallas, and Denver. Consolidated revenues increased by 13% sequentially over Q3, with full-year revenues doubling compared to 2023. Operating expenses rose due to staffing for new campuses and non-cash ground lease accruals, particularly the $1.4 million in Q4. The company reaffirmed guidance to reach cash flow breakeven on a consolidated basis by Q4 2024. Additionally, they highlighted the introduction of adjusted EBITDA as a performance metric, reflecting non-cash items like ground lease expenses and share-based compensation. Looking ahead, Sky Harbour anticipates significant revenue growth from new campus openings and plans further debt issuance, aiming to secure investment-grade ratings for existing bonds.Revenue Growth
Revenues experienced an increase of 13% sequentially over Q3, with consolidated revenues doubling over those from 2023.
Asset Expansion
Assets under construction and completed construction accelerated, reaching over $250 million as of year-end.
New Campus Operations
The company began operations at new campuses in Phoenix and Dallas, with Denver expected to commence in the next month.
Successful Equity and Bond Initiatives
Raised approximately $75 million from a PIPE equity placement and in compliance with bond covenant requirements, positioning for a future bond issuance.
Cost Containment Efforts
Efforts to reduce costs through national procurement and in-house manufacturing via RapidBuilt have started to bear fruit, saving approximately $32 to $33 per square foot.
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SKYH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKYH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $12.87 | $13.70 | +6.45% |
| Nov 12, 2024 | $11.55 | $11.21 | -2.94% |
| Aug 13, 2024 | $8.91 | $10.03 | +12.57% |
| May 14, 2024 | $13.47 | $12.00 | -10.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sky Harbour Group (SKYH) report earnings?
Sky Harbour Group (SKYH) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Sky Harbour Group (SKYH) earnings time?
Sky Harbour Group (SKYH) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYH EPS forecast?
SKYH EPS forecast for the fiscal quarter 2025 (Q1) is -0.25.
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