Blade Air Mobility Q2 2024 GAAP EPS $(0.15) Misses $(0.06) Estimate, Sales $67.945M Beat $63.116M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blade Air Mobility (NASDAQ:BLDE) reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.06) estimate, but sales of $67.945M beat the $63.116M estimate. EPS improved from $(0.17) last year, and sales increased by 11.41% from $60.989M.
August 07, 2024 | 8:25 pm
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NEUTRAL IMPACT
Blade Air Mobility's Q2 2024 earnings report showed a significant EPS miss but a sales beat. EPS was $(0.15) vs. $(0.06) expected, while sales were $67.945M vs. $63.116M expected. EPS improved from $(0.17) last year, and sales increased by 11.41%.
The significant EPS miss is a negative indicator, but the sales beat and year-over-year improvements in both EPS and sales provide a mixed outlook. The stock may experience volatility as investors weigh the negative EPS against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100