Blink Charging (BLNK) Set to Announce Earnings on Thursday

Blink Charging (NASDAQ:BLNK - Get Free Report) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Blink Charging to post earnings of ($0.15) per share for the quarter. Blink Charging has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Blink Charging (NASDAQ:BLNK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $33.26 million during the quarter, compared to analyst estimates of $38.90 million. Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. Blink Charging's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS. 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 4.8 %

NASDAQ BLNK traded down $0.10 on Thursday, reaching $1.98. 4,111,081 shares of the company were exchanged, compared to its average volume of 5,655,338. The business's fifty day moving average price is $1.88 and its 200 day moving average price is $2.52. The stock has a market capitalization of $200.28 million, a P/E ratio of -0.73 and a beta of 2.66. Blink Charging has a fifty-two week low of $1.53 and a fifty-two week high of $4.66.

Insider Activity at Blink Charging

In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of Blink Charging stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.80, for a total value of $43,338.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Blink Charging news, Director Kristina A. Peterson sold 24,077 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $1.80, for a total value of $43,338.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack Levine acquired 20,000 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the transaction, the director now directly owns 175,718 shares of the company's stock, valued at approximately $298,720.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLNK. Stifel Nicolaus cut their price objective on shares of Blink Charging from $4.00 to $3.50 and set a "hold" rating for the company in a research report on Monday, August 12th. Benchmark initiated coverage on Blink Charging in a report on Wednesday, July 31st. They issued a "buy" rating and a $5.00 price objective on the stock. HC Wainwright cut their target price on Blink Charging from $15.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Needham & Company LLC decreased their price target on Blink Charging from $6.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group cut their price objective on Blink Charging from $4.50 to $3.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.79.

About Blink Charging

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.