Blink Charging (BLNK) Set to Announce Earnings on Thursday

Blink Charging (NASDAQ:BLNK) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Blink Charging to post earnings of ($0.27) per share for the quarter. Blink Charging has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.12. Blink Charging had a negative return on equity of 29.26% and a negative net margin of 144.88%. The company had revenue of $42.71 million for the quarter, compared to the consensus estimate of $43.63 million. On average, analysts expect Blink Charging to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blink Charging Trading Down 9.0 %

Shares of NASDAQ:BLNK opened at $2.92 on Wednesday. Blink Charging has a 12-month low of $2.18 and a 12-month high of $7.70. The business’s fifty day simple moving average is $2.76 and its 200-day simple moving average is $2.90. The company has a market capitalization of $294.89 million, a PE ratio of -0.91 and a beta of 2.82.

Wall Street Analysts Forecast Growth

BLNK has been the topic of a number of analyst reports. HC Wainwright cut their price target on Blink Charging from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Blink Charging in a report on Wednesday, April 17th. Roth Mkm cut their price target on Blink Charging from $25.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, DA Davidson reissued a “neutral” rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.00.

Blink Charging Company Profile

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.