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

Blend Labs

14/03/2024 22:44

* Blend Labs Inc  BLND.N  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -21
cents.  The mean expectation of six analysts for the quarter was
for a loss of 9 cents per share. Wall Street expected results to
range from -9 cents to -8 cents per share.
    * Revenue fell 15.6% to $36.10 million from a year ago;
analysts
expected $36.93 million. 
    * Blend Labs Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $31.81 million.
    * Blend Labs Inc shares had risen by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Blend Labs Inc is
$2.00 
This summary was machine generated from LSEG data March 14 at
10:43 p.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 2023      -0.09          -0.09          Met
 Sep. 30 2023      -0.09          -0.09          Met
 Jun. 30 2023      -0.13          -0.09          Beat
 Mar. 31 2023      -0.18          -0.15          Beat