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

Backblaze

09/08/2023 04:16

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 41
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 42 cents per share.
    * Revenue rose 18.9% to $24.59 million from a year ago;
analysts
expected $24.27 million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 41
cents​.
    * The mean earnings estimate of analysts was unchanged 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 18.2% this quarter and
lost 16.7% so far this year.
    * The company reported a quarterly loss of $14.34 million.
    * Wall Street's median 12-month price target for Backblaze
Inc is
$9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 03:16 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.42          -0.41          Beat
 Mar. 31 2023      -0.43          -0.50          Missed
 Dec. 31 2022      -0.42          -0.45          Missed
 Sep. 30 2022      -0.38          -0.40          Missed