Blend Labs Inc expected to post a loss of 7 cents a share - Earnings Preview
07/05/2024 03:05
* Blend Labs Inc BLND.N BLND.K is expected to show a
fall in
quarterly revenue when it reports results on May 8 for the
period ending December 31 2023
* The San Francisco California-based company is expected to
report a 7.5% decrease in revenue to $34.536 million from $37.34
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
* LSEG's mean analyst estimate for Blend Labs Inc is for a
loss
of 7 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 $2.39.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.09 -0.09 Met -3.8
Sep. 30 2023 -0.09 -0.09 -0.09 Met 1.8
Jan. 1 0001 -0.13 -0.13 -0.09 Beat 30
Mar. 31 2023 -0.18 -0.18 -0.15 Beat 17.3
Jan. -0.17 -0.16 -0.21 Missed -27.8
1 0001
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. 31 2022 -0.19 -0.19 -0.19 Met -1.5
This summary was machine generated May 7 at 02:05 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)