Blend Labs Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08

Blend Labs (NYSE:BLND) Third Quarter 2024 Results Key Financial Results Revenue: US$45.2m (up 11% from 3Q 2023). Net income: US$3.36m (up from US$43.2m loss in 3Q 2023). Profit margin: 7.4% (up from ...

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The move to profitability was primarily driven by lower expenses.NYSE:BLND Earnings and Revenue Growth November 8th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 7.7%. Earnings per share  also surpassed analyst estimates.Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.The company's shares are up 22% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 2 warning signs  with Blend Labs, and understanding them should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BLND":"Blend Labs, Inc."},"translate_title":"Blend Labs 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLND":1},"content_text":"Blend Labs (NYSE:BLND) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$45.2m (up 11% from 3Q 2023).\nNet income: US$3.36m (up from US$43.2m loss in 3Q 2023).\nProfit margin: 7.4% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.\nEPS: US$0.013 (up from US$0.17 loss in 3Q 2023).\n\n\n\n\n  NYSE:BLND Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nBlend Labs Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates. \n Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. \nPerformance of the American Software industry.\n The company's shares are up 22% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 2 warning signs  with Blend Labs, and understanding them should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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