Blend Labs Inc reports results for the quarter ended in December - Earnings Summary

Blend Labs

16/03/2023 21:02

* Blend Labs Inc  BLND.N  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue fell 47.2% to $42.79 million from a year ago;
analysts
expected $44.92 million. 
    * Blend Labs Inc's reported EPS for the quarter was a loss
of 35
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Blend Labs Inc shares had risen by 6.3% this quarter.
    * The company reported a quarterly loss of $82.71 million.
    * Wall Street's median 12-month price target for Blend Labs
Inc is
$2.58 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.16          -0.21          Missed
 Sep. 30 2022      -0.17          -0.19          Missed
 Jun. 30 2022      -0.19          -0.19          Met
 Mar. 31 2022      -0.19          -0.19          Met