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

Blade Air Mobility (NASDAQ:BLDE) will release its earnings data 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.Individual interested in listening to the company’s earnings 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) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.10). The firm had revenue of $47.48 million for the quarter, compared to analyst estimates of $48.70 million. Blade Air Mobility had a negative return on equity of 13.71% and a negative net margin of 24.90%. 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

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

Insider Transactions at Blade Air Mobility

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 68,387 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $188,748.12. Following the completion of the sale, the chief executive officer now owns 7,241,843 shares in the company, valued at approximately $19,987,486.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Robert S. Wiesenthal sold 68,387 shares of Blade Air Mobility stock in a transaction on 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 sale, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at approximately $19,987,486.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Melissa M. Tomkiel sold 26,191 shares of Blade Air Mobility stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total value of $72,287.16. Following the completion of the sale, the general counsel now owns 1,256,179 shares of the company’s stock, valued at $3,467,054.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,293 shares of company stock worth $592,090. Insiders own 17.50% of the company’s stock.

About Blade Air Mobility

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.