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

Blend Labs

10/05/2023 16:38

* Blend Labs Inc  BLND.N  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue fell 47.8% to $37.34 million from a year ago;
analysts
expected $33.80 million. 
    * Blend Labs Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Blend Labs Inc shares had fallen by 21.7% this quarter and
lost 45.8% so far this year.
    * The company reported a quarterly loss of $67.47 million.
    * Wall Street's median 12-month price target for Blend Labs
Inc is
$1.35 
    * 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 May
10 at 03:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.18          -0.15          Beat
 Dec. 31 2022      -0.16          -0.21          Missed
 Sep. 30 2022      -0.17          -0.19          Missed
 Jun. 30 2022      -0.19          -0.19          Met