Analysts Have Made A Financial Statement On Blade Air Mobility, Inc.'s (NASDAQ:BLDE) Third-Quarter Report

Last week, you might have seen that Blade Air Mobility, Inc. (NASDAQ:BLDE) released its third-quarter result to the market. The early response was not positive, with shares down 8.3% to US$3.42 in the past week. Revenues of US$75m arrived in line with expectations, although statutory losses per share were US$0.03, an impressive 38% smaller than what broker models predicted. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Blade Air Mobility

Taking into account the latest results, the current consensus from Blade Air Mobility's five analysts is for revenues of US$264.8m in 2025. This would reflect a meaningful 9.5% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 70% to US$0.20. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$275.6m and losses of US$0.34 per share in 2025. Although the revenue estimates have fallen somewhat, Blade Air Mobility'sfuture looks a little different to the past, with a considerable decrease in the loss per share forecasts in particular.

There was no major change to the US$7.38average price target, suggesting that the adjustments to revenue and earnings are not expected to have a long-term impact on the business. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Blade Air Mobility, with the most bullish analyst valuing it at US$13.50 and the most bearish at US$5.00 per share. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Blade Air Mobility's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 7.5% growth on an annualised basis. This is compared to a historical growth rate of 46% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 7.4% annually. Factoring in the forecast slowdown in growth, it looks like Blade Air Mobility is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. Still, earnings are more important to the intrinsic value of the business. The consensus price target held steady at US$7.38, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Blade Air Mobility going out to 2026, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for Blade Air Mobility you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.