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British Land Company PLC (LSE:BLND) exceeded earnings expectations for the past year, though guidance for the coming year was not any more than analysts were expecting. Underlying profit of £268 million was for the year to 31 March were up 2% on a year earlier, while the EPRA cost ratio was cut to 16.4% from 19.5% EPRA earnings per share rose 1% to 28.5p, exceeding the consensus estimate of 27.9p.
British Land Company PLC (LSE:BLND) exceeded earnings expectations for the past year, though guidance for the coming year was not any more than analysts were expecting. Underlying profit of £268 million was for the year to 31 March were up 2% on a year earlier, while the EPRA cost ratio was cut to 16.4% from 19.5% EPRA earnings per share rose 1% to 28.5p, exceeding the consensus estimate of 27.9p.
While the top- and bottom-line numbers for Blend Labs (BLND) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Blend Labs (BLND) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Blend Labs (BLND), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
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 Wednesday, May 8, 2024, at 4:30 pm ET to discuss its first quarter 2024 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 Company's investor rela.
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.
