Preview: Backblaze's Earnings
Portfolio Pulse from Benzinga Insights
Backblaze (NASDAQ:BLZE) is expected to report a Q4 earnings per share (EPS) of $-0.37 on February 15, 2024. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with share price movements varying post-announcement. Shares are currently trading at $8.05, up 27.26% over the last 52 weeks.

February 14, 2024 | 8:01 pm
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Backblaze is anticipated to report a Q4 EPS of -$0.37, with investors keen on an earnings beat and positive future guidance. The stock has risen 27.26% over the past year.
Given the anticipation for an earnings beat and positive guidance, coupled with the stock's positive performance over the past year, there is a bullish sentiment around BLZE's upcoming earnings report. Historical performance shows that earnings outcomes and guidance can significantly impact the stock price. However, the mixed reactions to past earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100