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

Backblaze

10/05/2023 16:30

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 50
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 43 cents per share.
    * Revenue rose 20% to $23.39 million from a year ago;
analysts
expected $23.31 million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 50
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Backblaze Inc shares had fallen by 19.8% this quarter and
lost 34.1% so far this year.
    * The company reported a quarterly loss of $17.11 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 May
10 at 03:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.43          -0.50          Missed
 Dec. 31 2022      -0.42          -0.45          Missed
 Sep. 30 2022      -0.38          -0.40          Missed
 Jun. 30 2022      -0.34          -0.37          Missed