Blade Air Mobility Inc reports results for the quarter ended in January - Earnings Summary

Strata Critical Medical

07/05/2024 21:33

* Blade Air Mobility Inc  BLDE.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of
five analysts for the quarter was for a loss of 12 cents per
share. Wall Street expected results to range from -16 cents
to -10 cents per share.
    * Revenue rose 13.8% to $51.51 million from a year ago;
analysts
expected $49.46 million. 
    * Blade Air Mobility Inc's reported EPS for the quarter was
a loss
of 6 cents​.
    * The company reported a quarterly loss of $4.23 million.
    * Blade Air Mobility Inc shares had risen by 27.0% this
quarter and gained 2.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Blade Air
Mobility Inc is $6.00 

This summary was machine generated from LSEG data May 7 at 08:32
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
 Mar. 31 2024      -0.12          -0.06          Beat
 Dec. 31 2023      -0.13          -0.45          Missed
 Sep. 30 2023      -0.10          0.00           Beat
 Jun. 30 2023      -0.14          -0.17          Missed