Blade Air Mobility, Inc. (BLDE) Reports Q3 Loss, Tops Revenue Estimates

Core Viewpoint - Blade Air Mobility, Inc. reported a quarterly loss of $0.03 per share, outperforming the Zacks Consensus Estimate of a loss of$0.06, marking a 50% earnings surprise [1] Financial Performance - The company posted revenues of $74.88 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.56$71.44 million year-over-year [2] - Over the last four quarters, Blade Air Mobility has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - Blade Air Mobility shares have increased by approximately 8.5% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The company's near-term stock movements will largely depend on management's commentary during the earnings call [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of$53.8 million, and for the current fiscal year, it is -$0.36 on revenues of$247.72 million [7] - The estimate revisions trend for Blade Air Mobility is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which Blade Air Mobility belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable industry outlook [8]