Blade(BLDE) ZACKS·2024-08-07 23:00Group 1: Financial Performance - Blade Air Mobility reported a quarterly loss of $0.06 per share, which is an improvement from a loss of $0.11 per share a year ago, aligning with the Zacks Consensus Estimate [1] - The company posted revenues of $67.95 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 8.09% and up from $60.99 million year-over-year [2] - Over the last four quarters, Blade Air Mobility has surpassed consensus EPS estimates two times and revenue estimates three times [2][3] Group 2: Stock Performance and Outlook - Blade Air Mobility shares have declined approximately 21.5% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is breakeven on revenues of $75.71 million, while for the current fiscal year, it is -$0.17 on revenues of $245.79 million [7] - The estimate revisions trend for Blade Air Mobility is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Group 3: Industry Context - The Technology Services industry, to which Blade Air Mobility belongs, is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]