Blink Charging Co reports results for the quarter ended in September 30 - Earnings Summary

Blink Charging

08/11/2024 04:48

* Blink Charging Co  BLNK.OQ  reported a quarterly adjusted
loss
of 86 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -27 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -20 cents to -11 cents per share.
    * Revenue fell 41.9% to $25.19 million from a year ago;
analysts
expected $35.41 million. 
    * Blink Charging Co's reported EPS for the quarter was a
loss
of 86 cents​.
    * The company reported a quarterly loss of $87.39 million.
    * Blink Charging Co shares had risen by 11.0% this
quarter and
lost 43.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 $3.75 
This summary was machine generated from LSEG data November 8 at
04:48 a.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      -0.17          -0.86          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