Beam Global reports results for the quarter ended in December - Earnings Summary

Beam Global

17/04/2024 24:43

* Beam Global  BEEM.OQ  reported a quarterly adjusted loss
of 67
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -77
cents.  The mean expectation of four analysts for the quarter
was for a loss of 41 cents per share. Wall Street expected
results to range from -71 cents to -25 cents per share.
    * Revenue rose 153.6% to $20.03 million from a year ago;
analysts
expected $18.02 million. 
    * Beam Global's reported EPS for the quarter was a loss
of 67
cents​.
    * The company reported a quarterly loss of $5.07 million.
    * Beam Global shares had fallen by 22.1% this quarter and
lost 25.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Beam Global is
$18.00 
This summary was machine generated from LSEG data April 16 at
11:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.41          -0.67          Missed
 Sep. 30 2023      -0.33          -0.26          Beat
 Jun. 30 2023      -0.34          -0.32          Beat
 Mar. 31 2023      -0.46          -0.38          Beat