There's been no major changes to the consensus price target of US$14.40, suggesting that reduced loss estimates are not enough to have a long-term positive impact on the stock's valuation. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for losses per share, even though the revenue numbers were unchanged. Before this earnings announcement, the analysts had been modelling revenues of US$83.9m and losses of US$1.66 per share in 2022. Per-share losses are expected to explode, reaching US$1.62 per share. Taking into account the latest results, the consensus forecast from Backblaze's six analysts is for revenues of US$84.3m in 2022, which would reflect a solid 11% improvement in sales compared to the last 12 months. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.Ĭheck out our latest analysis for Backblaze NasdaqGM:BLZE Earnings and Revenue Growth August 12th 2022 This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. The results look positive overall while revenues of US$21m were in line with analyst predictions, statutory losses were 8.9% smaller than expected, with Backblaze losing US$0.37 per share. Shareholders will be ecstatic, with their stake up 25% over the past week following Backblaze, Inc.'s ( NASDAQ:BLZE) latest quarterly results.
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