Earnings Outlook For Blade Air Mobility
Portfolio Pulse from Benzinga Insights
Blade Air Mobility (NASDAQ:BLDE) is scheduled to release its quarterly earnings report on March 12, 2024. Analysts predict an EPS of $-0.13. The company's historical performance shows a pattern of beating EPS estimates, which has positively impacted its stock price in the past. Shares are currently trading at $3.94, with a 17.9% increase over the last 52 weeks. Investors are optimistic but will focus on the company's guidance for future growth.
March 11, 2024 | 4:01 pm
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Blade Air Mobility is expected to report an EPS of $-0.13 for the upcoming quarter. Historical data shows positive stock movement following earnings beats. Shares have risen 17.9% over the last year.
Given BLDE's history of beating EPS estimates and the subsequent positive impact on its stock price, there's a strong likelihood of a positive short-term price movement if the trend continues. The 17.9% YTD increase in share price further supports investor optimism. However, the actual impact will heavily depend on whether BLDE meets or exceeds the EPS estimate and the guidance provided for future quarters.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100