Blend Labs Inc expected to post a loss of 9 cents a share - Earnings Preview
14/03/2024 03:08
* Blend Labs Inc BLND.N BLND.K is expected to show a
fall in
quarterly revenue when it reports results on March 14 for the
period ending December 31 2023
* The San Francisco California-based company is expected to
report a 13.7% decrease in revenue to $36.928 million from
$42.79 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 9 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
$2.00, below its last closing price of $2.61.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 -0.09 -0.09 -0.09 Met 1.8
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. -0.17 -0.17 -0.19 Missed -13.7
30 2022
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
This summary was machine generated March 14 at 03:07 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)