Backblaze Inc <BLZE.OQ> expected to post a loss of 24 cents a share - Earnings Preview
Backblaze Inc BLZE.OQ BLZE.O is expected to show a rise in quarterly revenue when it reports results on February 25 for the period ending December 31 2024
The San Mateo California-based company is expected to report a 18.3% increase in revenue to $33.983 million from $28.74 million a year ago, according to the mean estimate from 7 analysts, based on LSEG data.
LSEG's mean analyst estimate for Backblaze Inc is for a loss of 24 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Backblaze Inc is $12.00, above its last closing price of $7.45.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -0.24 | -0.24 | -0.29 | Missed | -20 |
Jun. 30 2024 | -0.26 | -0.27 | -0.25 | Beat | 6.3 |
Mar. 31 2024 | -0.29 | -0.29 | -0.14 | Beat | 51.4 |
Dec. 31 2023 | -0.37 | -0.37 | -0.30 | Beat | 18.9 |
Sep. 30 2023 | -0.37 | -0.37 | -0.44 | Missed | -17.9 |
Jun. 30 2023 | -0.43 | -0.42 | -0.41 | Beat | 3.5 |
Mar. 31 2023 | -0.43 | -0.43 | -0.50 | Missed | -14.9 |
Dec. 31 2022 | -0.42 | -0.42 | -0.45 | Missed | -6.1 |
This summary was machine generated February 21 at 21:40 GMT. 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)
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
