Blink Charging Co reports results for the quarter ended in December - Earnings Summary

Blink Charging

14/03/2024 21:01

* Blink Charging Co  BLNK.OQ  reported a quarterly adjusted
loss
of 31 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -55 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 31 cents per
share. Wall Street expected results to range from -40 cents
to -27 cents per share.
    * Revenue rose 88.9% to $42.71 million from a year ago;
analysts
expected $35.64 million. 
    * Blink Charging Co's reported EPS for the quarter was a
loss
of 31 cents​.
    * The company reported a quarterly loss of $19.69 million.
    * Blink Charging Co shares had fallen by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Blink Charging Co
is $4.50 
This summary was machine generated from LSEG data March 14 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
 Dec. 31 2023      -0.31          -0.31          Met
 Sep. 30 2023      -0.47          -0.27          Beat
 Jun. 30 2023      -0.49          -0.48          Beat
 Mar. 31 2023      -0.46          -0.53          Missed