Backblaze Inc expected to post a loss of 19 cents a share - Earnings Preview

Backblaze

05/05/2025 21:02

Backblaze Inc BLZE.OQ BLZE.O is expected to show a rise in quarterly revenue when it reports  results on May 7 for the period ending March 31 2025

The San Mateo California-based  company is expected to report a 14.3% increase in revenue to $34.241 million from $29.97 million a year ago, according to the mean estimate from 7 analysts, based on LSEG data.

‚ÄčLSEG's mean analyst estimate for Backblaze Inc is for a loss of 19 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts had risen by about 2.1% in the last three months. ‚Äč

Wall Street's median 12-month price target for Backblaze Inc is $11.00‚Äč, above‚Äč its last closing price of $4.54. ‚Äč‚Äč‚Äč

Previous quarterly performance (using preferred earnings measure in US dollars). ‚Äč

QUARTER ENDING
STARMINESMARTESTIMATE¬ģ
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
-0.23
-0.24
-0.30
Missed
-25.9
Sep. 30 2024
-0.24
-0.24
-0.29
Missed
-20
Jun. 30 2024
-0.26
-0.27
-0.25
Beat
6.3‚Äč
Mar. 31 2024
-0.29
-0.29
-0.14
Beat
51.4
‚Äč‚ÄčDec. 31 2023
-0.37
-0.37
-0.30
Beat
18.9
Sep. 30 2023
-0.37
-0.37
-0.44
Missed
-17.9‚Äč
Jun. 30 2023
-0.43
-0.42
-0.41
Beat
3.5
Mar. 31 2023
-0.43
-0.43
-0.50
Missed
-14.9

This summary was machine generated May 5 at 20:02 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)