Blend Labs Inc expected to post a loss of 19  cents a share - Earnings Preview

Blend Labs

13/08/2022 01:26

* Blend Labs Inc  BLND.N   BLND.K  is expected to show a
rise in
quarterly revenue when it reports  results on August 15. 
    * The San Francisco California-based  company is expected to
report  a 82.3% increase in revenue to $58.456 million from
$32.06 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 19 cents per share. For the same quarter last year, the
company reported a loss of 51 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​, below​ its last closing price of $3.04. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.19       -0.19      -0.19     Met     -1.5
 Dec. 31 2022  -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 13 at 00:26 GMT.  All
figures in US dollars  unless otherwise stated