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

Backblaze

15/02/2024 23:26

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 30
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -45
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 37 cents per share. Wall Street expected
results to range from -44 cents to -31 cents per share.
    * Revenue rose 25.3% to $28.74 million from a year ago;
analysts
expected $28.20 million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $11.36 million.
    * Backblaze Inc shares had risen by 9.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 7 "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
$10.10 
This summary was machine generated from LSEG data February 15 at
11:26 p.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 2023      -0.37          -0.30          Beat
 Sep. 30 2023      -0.37          -0.44          Missed
 Jun. 30 2023      -0.42          -0.41          Beat
 Mar. 31 2023      -0.43          -0.50          Missed