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

Backblaze

09/08/2022 23:38

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 37
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 32
cents per share.
    * Revenue was $20.69 million​; analysts expected $20.30
million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Backblaze Inc shares had risen by 33.1% this quarter and
lost 58.8% so far this year.
    * The company reported a quarterly loss of $11.58 million.
    * Wall Street's median 12-month price target for Backblaze
Inc is
$16.00 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 10:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.32          -0.37          Missed
 Mar. 31 2022      -0.36          -0.41          Missed
 Dec. 31 2021      -0.26          -0.38          Missed
 Sep. 30 2021      -0.20          -0.32          Missed