Blade Air Mobility (BLDE) Scheduled to Post Quarterly Earnings on Tuesday

Blade Air Mobility (NASDAQ:BLDE) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Blade Air Mobility to post earnings of ($0.13) per share for the quarter. Blade Air Mobility has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Blade Air Mobility (NASDAQ:BLDE) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) earnings per share (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 firm had revenue of $47.48 million during the quarter, compared to analyst estimates 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 Trading Up 3.8 %

NASDAQ BLDE opened at $3.56 on Friday. The stock has a market cap of $268.53 million, a P/E ratio of -4.68 and a beta of 1.10. The company’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.12. Blade Air Mobility has a 52 week low of $2.06 and a 52 week high of $4.54.

Insiders Place Their Bets

In related news, CEO Robert S. Wiesenthal sold 68,387 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total value 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 $19,987,486.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $188,748.12. Following the sale, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at $19,987,486.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert S. Wiesenthal sold 25,418 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total transaction of $83,371.04. Following the transaction, the chief executive officer now directly owns 7,149,493 shares of the company’s stock, valued at $23,450,337.04. The disclosure for this sale can be found here. Insiders have sold 202,293 shares of company stock worth $592,090 in the last quarter. 17.50% of the stock is owned by corporate 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.