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SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Thursday, March 14, 2024, at 4:30 pm ET to discuss its fourth quarter and full year 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Compan.
Blend Labs, a software provider for the banking industry, has seen its shares double and is worth a second look. While historically reliant on providing software solutions to ease mortgage lending, Blend Labs has been hurt by weakness in housing and is diversifying its software offerings for banks. However, in spite of reductions in revenue due to the slow mortgage market, gross margins have shown resilience, and the growth profile looks promising.
Rocket Companies and Blend Labs have the potential to disrupt a market that has long been in need of disruption - mortgage lending. Their unique offerings are gaining traction, as evidenced by their strong fundamentals and EPS surprise history.
Blend Labs, Inc. (NYSE:BLND ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Winnie Ling - Head, Legal Nima Ghamsari - Co-Founder, & Head, Blend Amir Jafari - Head, Finance & Administration Bryan Michaleski - Investor Relations Conference Call Participants David Unger - Wells Fargo Dylan Becker - William Blair Nikhil Vijay - KBW Winnie Ling Good afternoon, and welcome to Blend's Third Quarter 2023 Earnings Conference Call. My name is Winnie Ling, and I'm Head of Legal for the company.
Blend Labs, Inc. (NYSE:BLND ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Winnie Ling - Head, Legal Nima Ghamsari - Co-Founder, Chairman, CEO & Head, Blend Bryan Michaleski - IR Amir Jafari - Head, Finance & Administration, Principal Financial Officer & Principal Accounting Officer Conference Call Participants Michael Ng - Goldman Sachs Group Matthew Stotler - William Blair & Company Joseph Meares - Truist Securities David Unger - Wells Fargo Securities Ryan Tomasello - KBW Winnie Ling Good afternoon, and welcome to Blend's Second Quarter 2023 Earnings Conference Call. My name is Winnie Ling, and I'm Head of Legal for the company.
While the top- and bottom-line numbers for Blend Labs (BLND) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Blend Labs, Inc. provides software solutions for financial institutions seeking to improve their digital offerings. The firm's revenue is declining, and it is continuing to generate substantial operating losses. Given the potential for continued high interest rates and pressure on the mortgage and banking markets, I'm Neutral [Hold] on Blend Labs stock for now.
Blend Labs (BLND) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.19 per share a year ago.
Higher mortgage rates are crippling housing affordability. Millennials are entering their prime homeownership years.