Blend Labs Inc expected to post a loss of 13 cents a share - Earnings Preview

Blend Labs

08/08/2023 02:55

* Blend Labs Inc  BLND.N   BLND.K  is expected to show a
fall in
quarterly revenue when it reports  results on August 9. 
    * The San Francisco California-based  company is expected to
report  a 38.8% decrease in revenue to $40.113 million from
$65.54 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Blend Labs Inc is
for a
loss of 13 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Blend Labs
Inc is
$1.15​, below​ its last closing price of $1.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.18       -0.18      -0.15     Beat    17.3
 Dec. 31 2023  -0.17       -0.16      -0.21     Missed  -27.8
 Sep. 30 2022  -0.17       -0.17      -0.19     Missed  -13.7​
 Jun. 30 2022  -0.20       -0.19      -0.19     Met     2.2
 ​​Mar.        -0.19       -0.19      -0.19     Met     -1.5
 31 2022                                                
 Dec. 31 2021  -0.19       -0.19      -0.19     Met     0​
 Sep. 30 2021  -0.11       -0.11      -0.13     Missed  -18.2
 Jun. 30 2021  -0.07       -0.07      -0.51     Missed  -665
 This summary was machine generated August 8 at 01:55 GMT.  All
figures in US dollars  unless otherwise stated