EVgo (EVGO) Set to Announce Earnings on Tuesday

EVgo (NYSE:EVGO) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect EVgo to post earnings of ($0.11) per share for the quarter. EVgo has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

EVgo (NYSE:EVGO) last released its earnings results on Wednesday, March 6th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $50.00 million during the quarter, compared to analyst estimates of $44.39 million. The business’s revenue for the quarter was up 83.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. On average, analysts expect EVgo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EVgo Price Performance

EVGO opened at $1.99 on Friday. The company has a market capitalization of $600.02 million, a price-to-earnings ratio of -4.23 and a beta of 2.53. EVgo has a 1-year low of $1.65 and a 1-year high of $6.48. The business has a 50 day moving average price of $2.28 and a two-hundred day moving average price of $2.62.

Insider Activity

In other news, CFO Olga Shevorenkova sold 19,363 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.00, for a total transaction of $58,089.00. Following the completion of the sale, the chief financial officer now owns 81,991 shares in the company, valued at approximately $245,973. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EVgo news, President Dennis G. Kish sold 34,717 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $3.00, for a total transaction of $104,151.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Olga Shevorenkova sold 19,363 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $3.00, for a total transaction of $58,089.00. Following the sale, the chief financial officer now directly owns 81,991 shares in the company, valued at $245,973. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,230 shares of company stock worth $167,409. Insiders own 66.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVGO shares. Evercore ISI cut their target price on EVgo from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $5.00 target price on shares of EVgo in a research report on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $4.00 target price on shares of EVgo in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, EVgo presently has a consensus rating of “Moderate Buy” and an average price target of $5.19.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.