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Blade Air Mobility, Inc. (BLDE) Reports Q4 Loss, Tops Revenue Estimates
BLDEBlade(BLDE) ZACKS·2025-03-13 20:30

Financial Performance - Blade Air Mobility, Inc. reported a quarterly loss of 0.13pershare,whichwasworsethantheZacksConsensusEstimateofalossof0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of 0.12, but an improvement from a loss of 0.23pershareayearago,indicatinganearningssurpriseof−8.330.23 per share a year ago, indicating an earnings surprise of -8.33% [1] - The company posted revenues of 54.36 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.91%, compared to year-ago revenues of 47.48million[2]−Overthelastfourquarters,BladeAirMobilityhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesfourtimes[2]StockPerformance−BladeAirMobilityshareshavedeclinedapproximately33.447.48 million [2] - Over the last four quarters, Blade Air Mobility has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Blade Air Mobility shares have declined approximately 33.4% since the beginning of the year, contrasting with the S&P 500's decline of -4.8% [3] - The current consensus EPS estimate for the upcoming quarter is -0.13 on revenues of 52.87million,andforthecurrentfiscalyear,itis−52.87 million, and for the current fiscal year, it is -0.27 on revenues of $257.88 million [7] Industry Outlook - The Technology Services industry, to which Blade Air Mobility belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - The performance of Blade Air Mobility's stock may be influenced by the overall industry outlook, as empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]