Blend Labs Inc expected to post a loss of 4 cents a share - Earnings Preview
07/08/2024 03:55
* Blend Labs Inc BLND.N BLND.K is expected to show a
fall in
quarterly revenue when it reports results on August 8 for the
period ending June 30 2024
* The San Francisco California-based company is expected to
report a 8.9% decrease in revenue to $39.012 million from $42.82
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
* LSEG's mean analyst estimate for Blend Labs Inc is for a
loss
of 4 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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
$3.00, above its last closing price of $2.74.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 -0.07 -0.07 -0.06 Beat 18.2
Dec. 31 2024 -0.09 -0.09 Met -3.8
Sep. 30 2023 -0.09 -0.09 -0.09 Met 1.8
Jun. 30 2023 -0.13 -0.13 -0.09 Beat 30
Mar. -0.18 -0.18 -0.15 Beat 17.3
31 2023
Dec. 31 2022 -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
This summary was machine generated August 7 at 02:54 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)