Brokerages Expect Blade Air Mobility, Inc. (NASDAQ:BLDE) to Announce -$0.19 Earnings Per Share

Wall Street analysts expect that Blade Air Mobility, Inc. (NASDAQ:BLDEGet Rating) will report earnings of ($0.19) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Blade Air Mobility’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.32). Blade Air Mobility reported earnings of ($0.15) per share in the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Blade Air Mobility will report full year earnings of ($0.62) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.60). For the next fiscal year, analysts expect that the business will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.46) to ($0.44). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Blade Air Mobility.

BLDE has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Blade Air Mobility from a “sell” rating to a “hold” rating in a research report on Friday, March 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Blade Air Mobility from $15.00 to $10.00 in a report on Thursday, May 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.04.

Blade Air Mobility stock traded down $0.12 during midday trading on Thursday, hitting $6.98. 39,419 shares of the company’s stock were exchanged, compared to its average volume of 711,888. The company has a market cap of $494.51 million, a PE ratio of -8.39 and a beta of -0.16. The firm has a 50-day moving average of $8.06 and a two-hundred day moving average of $7.89. Blade Air Mobility has a 12 month low of $5.32 and a 12 month high of $11.99.

Hedge funds have recently bought and sold shares of the business. B. Riley Wealth Management Inc. increased its position in Blade Air Mobility by 49.5% in the 4th quarter. B. Riley Wealth Management Inc. now owns 29,900 shares of the company’s stock valued at $264,000 after acquiring an additional 9,900 shares during the period. Intellectus Partners LLC lifted its position in shares of Blade Air Mobility by 13.4% during the third quarter. Intellectus Partners LLC now owns 192,375 shares of the company’s stock valued at $2,001,000 after purchasing an additional 22,800 shares in the last quarter. BlackRock Inc. lifted its position in shares of Blade Air Mobility by 0.4% during the third quarter. BlackRock Inc. now owns 759,742 shares of the company’s stock valued at $7,902,000 after purchasing an additional 2,871 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Blade Air Mobility by 1,116.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 5,448 shares of the company’s stock worth $48,000 after acquiring an additional 5,000 shares during the period. Finally, TownSquare Capital LLC bought a new stake in Blade Air Mobility in the third quarter worth about $104,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Blade Air Mobility Company Profile (Get Rating)

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.

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