Blend Labs (BLND) Reports Break-Even Earnings for Q3 [Yahoo! Finance]
Blend Labs, Inc. Class A (BLND)
Company Research
Source: Yahoo! Finance
This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this cloud-based platform for financial companies would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Blend Labs , which belongs to the Zacks Internet - Software industry, posted revenues of $45.18 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 9.40%. This compares to year-ago revenues of $40.59 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
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BLND
News
- Blend Labs, Inc. (NYSE: BLND) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $5.75 price target on the stock.MarketBeat
- Blend Labs, Inc. (NYSE: BLND) was upgraded by analysts at Citizens Jmp to a "strong-buy" rating.MarketBeat
- Fastly Rises 69% in a Month: Should You Buy, Sell or Hold the Stock? [Yahoo! Finance]Yahoo! Finance
- Blend Labs, Inc. (NYSE: BLND) is now covered by analysts at JMP Securities. They set an "outperform" rating and a $7.00 price target on the stock.MarketBeat
- PHH Mortgage Partners with Blend to Revolutionize Home Lending OperationsBusiness Wire
BLND
Earnings
- 11/6/24 - Beat
BLND
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form 144
- 12/12/24 - Form 4
- BLND's page on the SEC website