Blend Labs Inc reports results for the quarter ended December 31 - Earnings Summary
28/02/2025 01:16
Blend Labs Inc BLND.N reported quarterly breakeven results per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of six analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 1 cents per share. Revenue rose 14.7% to $41.41 million from a year ago; analysts expected $41.39 million. Blend Labs Inc's reported EPS for the quarter was a loss of 3 cents. The company reported a quarterly loss of $6.51 million. Blend Labs Inc shares had fallen by 13.5% this quarter. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 38.8% in the last three months. In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy" Wall Street's median 12-month price target for Blend Labs Inc is $5.68 This summary was machine generated from LSEG data February 28 at 01:15 a.m. UTC. 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Dec. 31 2024 | 0.01 | 0.00 | Missed |
| Sep. 30 2024 | -0.02 | 0.00 | Beat |
| Jun. 30 2024 | -0.04 | -0.02 | Beat |
| Mar. 31 2024 | -0.07 | -0.06 | Beat |