Backblaze Inc expected to post a loss of 24 cents a share - Earnings Preview

Backblaze

06/11/2024 04:52

* Backblaze Inc  BLZE.OQ   BLZE.O  is expected to show a
rise in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The San Mateo California-based  company is expected to
report a
28.2% increase in revenue to $32.438 million from $25.3 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Backblaze Inc is for a
loss
of 24 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Backblaze
Inc is
$12.00​, above​ its last closing price of $7.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.26       -0.27      -0.25     Beat    6.3
 Mar. 31 2024  -0.29       -0.29      -0.14     Beat    51.4
 Jan. 1 0001   -0.37       -0.37      -0.30     Beat    18.9​
 Jan. 1 0001   -0.37       -0.37      -0.44     Missed  -17.9
 ​​Jun.        -0.43       -0.42      -0.41     Beat    3.5
 30 2023                                                
 Mar. 31 2023  -0.43       -0.43      -0.50     Missed  -14.9​
 Dec. 31 2022  -0.42       -0.42      -0.45     Missed  -6.1
 Jan. 1 0001   -0.36       -0.38      -0.40     Missed  -4.7
 This summary was machine generated November 6 at 04:52 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)