Research Analysts Offer Predictions for EVgo FY2027 Earnings

EVgo, Inc. (NYSE:EVGO - Free Report) - Equities research analysts at Roth Capital raised their FY2027 EPS estimates for EVgo in a report issued on Tuesday, November 12th. Roth Capital analyst C. Irwin now expects that the company will earn $0.11 per share for the year, up from their prior forecast of $0.10. The consensus estimate for EVgo's current full-year earnings is ($0.40) per share.

EVgo (NYSE:EVGO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). The firm had revenue of $67.50 million during the quarter, compared to analysts' expectations of $66.52 million. During the same period last year, the firm earned ($0.09) earnings per share. EVgo's quarterly revenue was up 92.3% on a year-over-year basis.

EVGO has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of EVgo from a "neutral" rating to an "overweight" rating and set a $7.00 target price for the company in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price objective on shares of EVgo from $6.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Capital One Financial raised EVgo to a "strong-buy" rating in a research report on Monday, September 16th. Marathon Capitl raised EVgo from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their target price on EVgo from $4.00 to $8.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.61.

EVgo Price Performance

NYSE EVGO traded down $0.15 during trading on Thursday, hitting $5.05. The company's stock had a trading volume of 6,408,002 shares, compared to its average volume of 4,563,562. EVgo has a fifty-two week low of $1.65 and a fifty-two week high of $9.07. The company has a market cap of $1.53 billion, a PE ratio of -12.38 and a beta of 2.38. The business's 50 day simple moving average is $6.08 and its 200-day simple moving average is $4.01.

Institutional Investors Weigh In On EVgo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP grew its position in EVgo by 66.4% during the second quarter. Marshall Wace LLP now owns 1,633,304 shares of the company's stock valued at $4,002,000 after buying an additional 651,475 shares during the period. Vanguard Group Inc. grew its position in shares of EVgo by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company's stock valued at $24,344,000 after acquiring an additional 37,168 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of EVgo in the 1st quarter valued at about $36,000. Tidal Investments LLC raised its holdings in EVgo by 32.2% in the 1st quarter. Tidal Investments LLC now owns 317,945 shares of the company's stock worth $798,000 after purchasing an additional 77,354 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in EVgo during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 17.44% of the company's stock.

About EVgo

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.