Blink Charging (BLNK) Set to Announce Earnings on Wednesday

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

Blink Charging (NASDAQ:BLNK) last posted its quarterly 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 company had revenue of $37.57 million for the quarter, compared to the consensus estimate 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 %

NASDAQ:BLNK opened at $3.18 on Wednesday. Blink Charging has a fifty-two week low of $2.18 and a fifty-two week high of $7.25. The firm’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.89.

Analysts Set New Price Targets

BLNK has been the topic of a number of recent analyst reports. B. Riley raised shares of Blink Charging to a “hold” rating in a research note on Tuesday, June 25th. UBS Group cut their price target on shares of Blink Charging from $7.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $4.00 price target on shares of Blink Charging in a research note on Thursday, May 16th. Benchmark initiated coverage on shares of Blink Charging in a research note on Wednesday. They set a “buy” rating and a $5.00 price target on the stock. Finally, Needham & Company LLC cut their price target on shares of Blink Charging from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.21.

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.