Backblaze Inc expected to post a loss of 37 cents a share - Earnings Preview

Backblaze

13/02/2024 21:56

* Backblaze Inc  BLZE.OQ   BLZE.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The San Mateo California-based  company is expected to
report a
23.0% increase in revenue to $28.203 million from $22.93 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 37 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
$10.10​, above​ its last closing price of $8.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.37       -0.37      -0.44     Missed  -17.9
 Jun. 30 2023  -0.43       -0.42      -0.41     Beat    3.5
 Mar. 31 2023  -0.43       -0.43      -0.50     Missed  -14.9​
 Dec. 31 2022  -0.42       -0.42      -0.45     Missed  -6.1
 ​​Sep.        -0.36       -0.38      -0.40     Missed  -4.7
 30 2022                                                
 Jun. 30 2022  -0.34       -0.34      -0.37     Missed  -8.8​
 Mar. 31 2022  -0.36       -0.36      -0.41     Missed  -15.2
 Dec. 31 2021  -0.26       -0.26      -0.38     Missed  -47.1
 This summary was machine generated February 13 at 21:56 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)