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

Beam Global

14/08/2023 22:45

* Beam Global  BEEM.OQ  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 34 cents per share.
    * Revenue rose 379.3% to $17.82 million from a year ago;
analysts
expected $15.00 million. 
    * Beam Global's reported EPS for the quarter was a loss
of 32
cents​.
    * The mean earnings estimate of analysts had risen by
about 12.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Beam Global shares had fallen by 9.4% this quarter and
lost 46.3% so far this year.
    * The company reported a quarterly loss of $3.53 million.
    * Wall Street's median 12-month price target for Beam Global
is
$25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.34          -0.32          Beat
 Mar. 31 2023      -0.42          -0.38          Beat
 Dec. 31 2022      -0.41          -0.77          Missed
 Sep. 30 2022      -0.24          -0.67          Missed