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

Strata Critical Medical

08/08/2024 12:24

* Blade Air Mobility Inc  BLDE.OQ  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -17 cents.  The mean expectation of
five analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -7 cents to -5
cents per share.
    * Revenue rose 11.4% to $67.95 million from a year ago;
analysts
expected $63.12 million. 
    * Blade Air Mobility Inc's reported EPS for the quarter was
a loss
of 15 cents​.
    * The company reported a quarterly loss of $11.33 million.
    * Blade Air Mobility Inc shares had fallen by 20.4% this
quarter and lost 21.5% so far this year.

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
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "strong buy"

Wall Street's median 12-month price target for Blade Air
Mobility Inc is $6.00 
This summary was machine generated from LSEG data August 8 at
11:23 a.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
 Jun. 30 2024      -0.06          -0.15          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