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

Backblaze

09/05/2024 12:18

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -50
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 29 cents per share. Wall Street expected
results to range from -33 cents to -24 cents per share.
    * Revenue rose 28.1% to $29.97 million from a year ago;
analysts
expected $29.74 million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The company reported a quarterly loss of $11.05 million.
    * Backblaze Inc shares had fallen by 3.1% this quarter and
gained 30.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * Wall Street's median 12-month price target for Backblaze
Inc is
$13.00 

This summary was machine generated from LSEG data May 9 at 11:18
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
 Mar. 31 2024      -0.29          -0.14          Beat
 Dec. 31 2023      -0.37          -0.30          Beat
 Sep. 30 2023      -0.37          -0.44          Missed
 Jun. 30 2023      -0.42          -0.41          Beat