Blink Charging (BLNK) Scheduled to Post Quarterly Earnings on Wednesday

Blink Charging (NASDAQ:BLNK) will issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Blink Charging has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Blink Charging (NASDAQ:BLNK) last released its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.10. The business had revenue of $37.57 million for the quarter, compared to analyst estimates of $33.74 million. Blink Charging had a negative net margin of 122.09% and a negative return on equity of 25.12%. On average, analysts expect Blink Charging to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blink Charging Stock Down 4.2 %

BLNK stock opened at $3.18 on Wednesday. The firm’s 50 day moving average price is $3.08 and its 200-day moving average price is $2.89. Blink Charging has a one year low of $2.18 and a one year high of $7.25.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark began coverage on shares of Blink Charging in a research note on Wednesday. They issued a “buy” rating and a $5.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $4.00 target price on shares of Blink Charging in a report on Thursday, May 16th. Needham & Company LLC cut their price target on shares of Blink Charging from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 10th. B. Riley raised shares of Blink Charging to a “hold” rating in a report on Tuesday, June 25th. Finally, UBS Group lowered their target price on shares of Blink Charging from $7.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.21.

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.