* Backblaze Inc is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2024
* The San Mateo California-based company is expected to report a 27.1% increase in revenue to $29.742 million from $23.39 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data.
* LSEG's mean analyst estimate for Backblaze Inc is for a loss of 29 cents per share.
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Backblaze Inc is $13.00, above its last closing price of $9.62.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.37 -0.37 -0.30 Beat 18.9
Sep. 30 2023 -0.37 -0.37 -0.44 Missed -17.9
Jan. 1 0001 -0.43 -0.42 -0.41 Beat 3.5
Mar. 31 2023 -0.43 -0.43 -0.50 Missed -14.9
Dec. -0.42 -0.42 -0.45 Missed -6.1
31 2022
Sep. 30 2022 -0.36 -0.38 -0.40 Missed -4.7
Jan. 1 0001 -0.34 -0.34 -0.37 Missed -8.8
Mar. 31 2022 -0.36 -0.36 -0.41 Missed -15.2
This summary was machine generated May 6 at 23:16 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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