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

Beam Global

16/05/2023 06:29

* Beam Global  BEEM.OQ  reported a quarterly adjusted loss
of 38
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 42 cents per share.
    * Revenue rose 245.4% to $13.02 million from a year ago;
analysts
expected $8.28 million. 
    * Beam Global's reported EPS for the quarter was a loss
of 38
cents​.
    * The mean earnings estimate of analysts had fallen by
about 40.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Beam Global shares had fallen by 37.0% this quarter and
lost 42.6% so far this year.
    * The company reported a quarterly loss of $3.83 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 May
16 at 05:29 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.42          -0.38          Beat
 Dec. 31 2022      -0.41          -0.77          Missed
 Sep. 30 2022      -0.24          -0.67          Missed
 Jun. 30 2022      -0.21          -0.28          Missed