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

Blend Labs

10/11/2022 22:01

* Blend Labs Inc  BLND.N  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in September. The mean
expectation of eight analysts for the quarter was for a loss
of 17 cents per share.
    * Revenue fell 38.2% to $55.35 million from a year ago;
analysts
expected $50.44 million. 
    * Blend Labs Inc's reported EPS for the quarter was a loss
of 57
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Blend Labs Inc shares had fallen by 15.4% this quarter and
lost 74.5% so far this year.
    * The company reported a quarterly loss of $132.75 million.
    * Wall Street's median 12-month price target for Blend Labs
Inc is
$3.10 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
10 at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      -0.19          -0.19          Met