Blink Charging (BLNK) Set to Announce Earnings on Thursday

Blink Charging (NASDAQ:BLNK) will be posting 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Blink Charging (NASDAQ:BLNK) last issued its earnings results on Thursday, March 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations 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 Stock Up 2.8 %

NASDAQ BLNK opened at $2.60 on Thursday. Blink Charging has a 52 week low of $2.18 and a 52 week high of $7.70. The business’s fifty day simple moving average is $2.77 and its 200-day simple moving average is $2.90. The firm has a market cap of $262.57 million, a PE ratio of -0.81 and a beta of 2.77.

Analyst Ratings Changes

Several research firms have weighed in on BLNK. Roth Mkm decreased their target price on shares of Blink Charging from $25.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Blink Charging in a research report on Wednesday, April 17th. DA Davidson restated a “neutral” rating and issued a $5.00 target price on shares of Blink Charging in a research report on Friday, March 15th. Finally, HC Wainwright lowered their price target on Blink Charging from $25.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.