Backblaze Inc expected to post a loss of 29 cents a share - Earnings Preview

Backblaze

07/05/2024 24:16

* Backblaze Inc  BLZE.OQ   BLZE.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The San Mateo California-based  company is expected to
report a
27.1% increase in revenue to $29.742 million from $23.39 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Backblaze Inc is for a
loss
of 29 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
$13.00​, above​ its last closing price of $9.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.37       -0.37      -0.30     Beat    18.9
 Sep. 30 2023  -0.37       -0.37      -0.44     Missed  -17.9
 Jan. 1 0001   -0.43       -0.42      -0.41     Beat    3.5​
 Mar. 31 2023  -0.43       -0.43      -0.50     Missed  -14.9
 ​​Dec.        -0.42       -0.42      -0.45     Missed  -6.1
 31 2022                                                
 Sep. 30 2022  -0.36       -0.38      -0.40     Missed  -4.7​
 Jan. 1 0001   -0.34       -0.34      -0.37     Missed  -8.8
 Mar. 31 2022  -0.36       -0.36      -0.41     Missed  -15.2
 This summary was machine generated May 6 at 23:16 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)