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

Backblaze

09/11/2022 23:31

* Backblaze Inc  BLZE.OQ  reported a quarterly adjusted loss
of 40
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for a loss of 38
cents per share.
    * Revenue rose 27.3% to $22.05 million from a year ago;
analysts
expected $21.90 million. 
    * Backblaze Inc's reported EPS for the quarter was a loss
of 40
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
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 11.9% this quarter and
lost 74.1% so far this year.
    * The company reported a quarterly loss of $12.8 million.
    * Wall Street's median 12-month price target for Backblaze
Inc is
$13.00 
    * 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 November
9 at 11:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.38          -0.40          Missed
 Jun. 30 2022      -0.34          -0.37          Missed
 Mar. 31 2022      -0.36          -0.41          Missed
 Dec. 31 2021      -0.26          -0.38          Missed