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

Blink Charging

07/08/2024 22:01

* Blink Charging Co  BLNK.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -48 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -18 cents to -13 cents per share.
    * Revenue rose 1.3% to $33.26 million from a year ago;
analysts
expected $39.01 million. 
    * Blink Charging Co's reported EPS for the quarter was a
loss
of 20 cents​.
    * The company reported a quarterly loss of $20.06 million.
    * Blink Charging Co shares had fallen by 1.8% this
quarter and
lost 20.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is  "hold."

Wall Street's median 12-month price target for Blink Charging Co
is $4.25 
This summary was machine generated from LSEG data August 7 at
09:00 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
 Jun. 30 2024      -0.15          -0.20          Missed
 Mar. 31 2024      -0.24          -0.14          Beat
 Dec. 31 2023      -0.31          -0.31          Met
 Sep. 30 2023      -0.47          -0.27          Beat