Blend Labs Inc expected to post a loss of 9 cents a share - Earnings Preview

Blend Labs

04/11/2023 03:06

* Blend Labs Inc  BLND.N   BLND.K  is expected to show a
fall in
quarterly revenue when it reports  results on November 7. 
    * The San Francisco California-based  company is expected to
report  a 27.3% decrease in revenue to $40.258 million from
$55.35 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Blend Labs Inc is
for a
loss of 9 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"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
$1.5​, above​ its last closing price of $1.38. ​​​

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 2023  -0.13       -0.13      -0.09     Beat    30
 Mar. 31 2023  -0.18       -0.18      -0.15     Beat    17.3
 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.        -0.20       -0.19      -0.19     Met     2.2
 30 2022                                                
 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
 This summary was machine generated November 4 at 03:05 GMT.  All
figures in US dollars  unless otherwise stated