Blade Air Mobility Inc reports results for the quarter ended December 31 - Earnings Summary

• Blade Air Mobility Inc BLDE.OQ reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -45 cents. The mean expectation of five analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -15 cents to -8 cents per share.

• Revenue rose 14.5% to $54.36 million from a year ago; analysts expected $51.13 million.

• Blade Air Mobility Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $9.79 million.

• Blade Air Mobility Inc shares had fallen by 28.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Blade Air Mobility Inc is $6.25

This summary was machine generated from LSEG data March 14 at 05:40 p.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)