Blend Labs (NYSE:BLND – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Blend Labs has set its Q3 2024 guidance at EPS.
Blend Labs (NYSE:BLND – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $40.48 million for the quarter, compared to analyst estimates of $39.50 million. On average, analysts expect Blend Labs to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Blend Labs Stock Up 0.3 %
NYSE:BLND opened at $3.48 on Thursday. The firm has a market capitalization of $884.77 million, a price-to-earnings ratio of -7.10 and a beta of 1.15. Blend Labs has a twelve month low of $1.16 and a twelve month high of $4.25. The stock’s 50 day moving average price is $3.64 and its two-hundred day moving average price is $3.08.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Blend Labs
Insider Activity at Blend Labs
In related news, insider Winnie Ling sold 10,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $4.06, for a total value of $40,600.00. Following the completion of the sale, the insider now directly owns 279,169 shares in the company, valued at $1,133,426.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 54,303 shares of company stock worth $192,926 in the last ninety days. 13.21% of the stock is owned by company insiders.
Blend Labs Company Profile
Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.
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