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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.
Blend Labs, Inc. (NYSE:BLND ) Q4 2022 Results Conference Call March 16, 2023 4:30 PM ET Company Participants Winnie Ling - Head of Legal Nima Ghamsari - Co-Founder and Head Amir Jafari - CFO Marc Greenberg - Head of Finance Conference Call Participants Ryan Tomasello - KBW Terrell Tillman - Truist Michael Ng - Goldman Sachs Joe Vafi - Canaccord David Unger - Wells Fargo Securities Winnie Ling Good afternoon. And welcome to Blend's Fourth Quarter 2022 Earnings Conference Call.
Blend Labs (BLND) delivered earnings and revenue surprises of -23.53% and 4.08%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Today, we revisit cloud solution provider Blend Labs, Inc. for the first time since our initial assessment on this small cap concern in March of last year. The continuing slowdown in the mortgage market has been a considerable headwind for Blend Labs, Inc., and it recently announced deep layoffs.
More and more people want digital banking products. BLND has a proven track record in providing mission-critical solutions.
Blend Labs, Inc. (NYSE:BLND ) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants Crystal Sumner – Head-Legal Compliance and Risk Nima Ghamsari – Co-Founder and Head Marc Greenberg – Head-Finance Conference Call Participants David Unger – Wells Fargo Michael Ng – Goldman Sachs Ryan Tomasello – KBW Matt Stotler – William Blair Robert Dee – Truist Madison Schrage – KeyBanc Crystal Sumner Good afternoon, and welcome to Blend's Third Quarter 2022 Earnings Conference Call. My name is Crystal Sumner, Head of Legal Compliance and Risk for the company.
The cloud-based software platform for banks delivered better-than-expected results.