Backblaze Inc reports results for the quarter ended December 31 - Earnings Summary

Backblaze

26/02/2025 06:25

Backblaze Inc BLZE.OQ reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended December 31, identical to the same quarter last year.  The mean expectation of six analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -29 cents to -18 cents per share.

Revenue rose 17.6% to $33.79 million from a year ago; analysts expected $33.98 million.

Backblaze Inc's reported EPS for the quarter was a loss of 30 cents​.

The company reported a quarterly loss of $14.38 million.

Backblaze Inc shares had risen by 5.1% this quarter.

FORECAST CHANGES

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

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Backblaze Inc is $12.00

This summary was machine generated from LSEG data February 26 at 06:25 a.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
-0.24
-0.30
Missed
Sep. 30 2024
-0.24
-0.29
Missed
Jun. 30 2024
-0.27
-0.25
Beat
Mar. 31 2024
-0.29
-0.14
Beat