Blend Labs Inc expected to post a loss of 17 cents a share - Earnings Preview

Blend Labs

09/11/2022 03:05

* Blend Labs Inc  BLND.N   BLND.K  is expected to show a
fall in
quarterly revenue when it reports  results on November 10. 
    * The San Francisco California-based  company is expected to
report  a 43.7% decrease in revenue to $50.444 million from
$89.57 million a year ago, according to the mean estimate from
10 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Blend Labs Inc is
for a
loss of 17 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 1 "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
$3.1​, above​ its last closing price of $2.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.20       -0.19      -0.19     Met     2.2
 Mar. 31 2022  -0.19       -0.19      -0.19     Met     -1.5
 Dec. 31 2021  -0.19       -0.19      -0.19     Met     0​
 Sep. 30 2021  -0.11       -0.11      -0.13     Missed  -18.2
 ​​Jun.        -0.07       -0.07      -0.51     Missed  -665
 30 2021                                                
                                                        ​
 This summary was machine generated November 9 at 03:04 GMT.  All
figures in US dollars  unless otherwise stated