Blade Air Mobility (BLDE) Set to Announce Earnings on Tuesday

Blade Air Mobility (NASDAQ:BLDE) will announce its earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Blade Air Mobility has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Blade Air Mobility (NASDAQ:BLDE) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.10). Blade Air Mobility had a negative net margin of 24.90% and a negative return on equity of 13.71%. The business had revenue of $47.48 million during the quarter, compared to analysts’ expectations of $48.70 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 Stock Up 3.8 %

Shares of BLDE opened at $3.56 on Monday. Blade Air Mobility has a fifty-two week low of $2.06 and a fifty-two week high of $4.54. The company has a market cap of $268.53 million, a P/E ratio of -4.68 and a beta of 1.10. The firm’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.13.

Insider Transactions at Blade Air Mobility

In other news, CEO Robert S. Wiesenthal sold 68,387 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total transaction of $188,748.12. Following the completion of the transaction, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at $19,987,486.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Blade Air Mobility news, CFO William A. Heyburn sold 26,632 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.62, for a total transaction of $69,775.84. Following the sale, the chief financial officer now owns 1,355,020 shares of the company’s stock, valued at $3,550,152.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert S. Wiesenthal sold 68,387 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total transaction of $188,748.12. Following the completion of the transaction, the chief executive officer now owns 7,241,843 shares of the company’s stock, valued at approximately $19,987,486.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,293 shares of company stock valued at $592,090. 17.50% of the stock is currently owned by company insiders.

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.