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

• Blend Labs Inc BLND.N reported quarterly breakeven results​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of six analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 1 cents per share.

• Revenue rose 14.7% to $41.41 million from a year ago; analysts expected $41.39 million.

• Blend Labs Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $6.51 million.

• Blend Labs Inc shares had fallen by 13.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 38.8% 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Blend Labs Inc is $5.68

This summary was machine generated from LSEG data February 28 at 01:15 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)