Wall Street analysts expect Blend Labs (BLND - Free Report) to post quarterly loss of $0.08 per share in its upcoming report, which indicates a year-over-year increase of 46.7%. Revenues are expected to be $33.94 million, down 9.1% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Blend Labs metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Title' should come in at $11.01 million. The estimate suggests a change of +16.2% year over year.
Based on the collective assessment of analysts, 'Revenue- Total Blend Platform' should arrive at $22.97 million. The estimate indicates a year-over-year change of -17.6%.
Analysts' assessment points toward 'Gross Profit- Blend Platform' reaching $16.54 million. The estimate is in contrast to the year-ago figure of $16.10 million.
View all Key Company Metrics for Blend Labs here>>>
Blend Labs shares have witnessed a change of -17.9% in the past month, in contrast to the Zacks S&P 500 composite's -0.4% move. With a Zacks Rank #4 (Sell), BLND is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
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Wall Street analysts expect Blend Labs (BLND - Free Report) to post quarterly loss of $0.08 per share in its upcoming report, which indicates a year-over-year increase of 46.7%. Revenues are expected to be $33.94 million, down 9.1% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Blend Labs metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Title' should come in at $11.01 million. The estimate suggests a change of +16.2% year over year.
Based on the collective assessment of analysts, 'Revenue- Total Blend Platform' should arrive at $22.97 million. The estimate indicates a year-over-year change of -17.6%.
Analysts' assessment points toward 'Gross Profit- Blend Platform' reaching $16.54 million. The estimate is in contrast to the year-ago figure of $16.10 million.
View all Key Company Metrics for Blend Labs here>>>
Blend Labs shares have witnessed a change of -17.9% in the past month, in contrast to the Zacks S&P 500 composite's -0.4% move. With a Zacks Rank #4 (Sell), BLND is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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