Sky Harbour Group Full Year 2024 Earnings: EPS Misses Expectations

Sky Harbour Group (NYSE:SKYH) Full Year 2024 Results

Key Financial Results

• Revenue: US$14.8m (up 95% from FY 2023).
• Net loss: US$45.2m (loss widened by 180% from FY 2023).
• US$1.76 loss per share (further deteriorated from US$0.98 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Sky Harbour Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

In the last 12 months, the only revenue segment was Development and Rental Revenues of Aircraft Hangars contributing US$14.8m. Notably, cost of sales worth US$13.1m amounted to 89% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$24.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SKYH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Global Infrastructure industry.

Performance of the market in the US.

The company's shares are up 14% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Sky Harbour Group that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.