Beam Global reports results for the quarter ended September 30 - Earnings Summary

Beam Global

15/11/2024 14:02

* Beam Global  BEEM.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -26 cents.  The mean expectation of six analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -22 cents to -12 cents per share.
    * Revenue fell 30.4% to $11.48 million from a year ago;
analysts
expected $15.22 million. 
    * Beam Global's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $1.3 million.
    * Beam Global shares had fallen by 13.8% this quarter and
lost 40.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 5 "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
11.00 
This summary was machine generated from LSEG data November 15 at
02:02 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
 Sep. 30 2024      -0.16          -0.09          Beat
 Jun. 30 2024      -0.20          -0.34          Missed
 Mar. 31 2024      -0.30          -0.21          Beat
 Dec. 31 2023      -0.41          -0.67          Missed