Backblaze Inc reports results for the quarter ended December 31 - Earnings Summary

• Backblaze Inc BLZE.OQ reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -29 cents to -18 cents per share.

• Revenue rose 17.6% to $33.79 million from a year ago; analysts expected $33.98 million.

• Backblaze Inc's reported EPS for the quarter was a loss of 30 cents​.

• The company reported a quarterly loss of $14.38 million.

• Backblaze Inc shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• 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 average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Backblaze Inc is $12.00

This summary was machine generated from LSEG data February 26 at 06:25 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)