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

Beam Global

20/05/2024 22:02

* Beam Global  BEEM.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -38
cents.  The mean expectation of five analysts for the quarter
was for a loss of 30 cents per share. Wall Street expected
results to range from -35 cents to -25 cents per share.
    * Revenue rose 11.8% to $14.56 million from a year ago;
analysts
expected $17.71 million. 
    * Beam Global's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $3.04 million.
    * Beam Global shares had fallen by 10.1% this quarter and
lost 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.4%
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
$15.00 
This summary was machine generated from LSEG data May 20 at
09:01 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
 Mar. 31 2024      -0.30          -0.21          Beat
 Dec. 31 2023      -0.41          -0.67          Missed
 Sep. 30 2023      -0.33          -0.26          Beat
 Jun. 30 2023      -0.34          -0.32          Beat