Backblaze Inc expected to post a loss of 42 cents a share - Earnings Preview

Backblaze

05/08/2023 03:20

* Backblaze Inc  BLZE.OQ   BLZE.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 8. 
    * The San Mateo California-based  company is expected to
report  a
17.3% increase in revenue to $24.273 million from $20.69 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Backblaze Inc is
for a
loss of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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
$9​, above​ its last closing price of $5.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.43       -0.43      -0.50     Missed  -14.9
 Dec. 31 2023  -0.42       -0.42      -0.45     Missed  -6.1
 Sep. 30 2022  -0.36       -0.38      -0.40     Missed  -4.7​
 Jun. 30 2022  -0.34       -0.34      -0.37     Missed  -8.8
 ​​Mar.        -0.36       -0.36      -0.41     Missed  -15.2
 31 2022                                                
 Dec. 31 2021  -0.26       -0.26      -0.38     Missed  -47.1​
 Sep. 30 2021  -0.20       -0.20      -0.32     Missed  -62.7
 This summary was machine generated August 5 at 02:20 GMT.  All
figures in US dollars  unless otherwise stated