Blade Air Mobility (BLDE) to Release Quarterly Earnings on Tuesday

Blade Air Mobility (NASDAQ:BLDE) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Blade Air Mobility had a negative net margin of 20.64% and a negative return on equity of 10.86%. The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $62.86 million. On average, analysts expect Blade Air Mobility to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blade Air Mobility Price Performance

BLDE stock opened at $3.73 on Friday. Blade Air Mobility has a twelve month low of $2.45 and a twelve month high of $4.24. The stock has a market capitalization of $290.68 million, a price-to-earnings ratio of -5.65 and a beta of 1.05. The firm’s fifty day simple moving average is $3.35 and its two-hundred day simple moving average is $3.29.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

Blade Air Mobility Company Profile

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.