BLDE's earnings report is out. Let's take a closer look at the stock.

Blade Air Mobility Inc - Class A (BLDE) is ready to report earnings on August 09. Here's a few things you should know about before they make the announcement.

Blade Air Mobility Inc - Class A reported:

Q2 Revenue of $35.63M (+175.1% Y/Y) beats by $8.09M
President Melissa Tomkiel: "We look forward to closing our acquisitions in Europe, where our roll-up of the commercial activities of three prominent urban air mobility operators will fortify Blade’s leadership in the region”
"Our urban air mobility alliance with JetBlue has now been launched, providing preferred pricing and other benefits for seamless air transport between Manhattan and New York area airports for the TrueBlue loyalty program membership base.”

There are two primary things that BLDE bulls will be concerned with. The first is that the reported EPS beat the estimates of analysts. Stocks respond favorably to that news. The second is that the report outlines a positive growth story for the stock in the coming quarters.

If you haven't traded too many earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by the analysts' estimates, rather than from the earnings report itself. As you see more of these, your ability to recognize one or the other will improve.

Shares of BLDE were trading at $5.555 as of August 01. Over the last 52-weeks, shares are down -53.67%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.

BLDE's earnings report is out. Let's take a closer look at the stock.

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