Blink Charging (NASDAQ:BLNK) Announces Earnings Results, Beats Expectations By $0.02 EPS

Blink Charging (NASDAQ:BLNKGet Free Report) released its earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02, Briefing.com reports. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. During the same period in the previous year, the firm earned ($0.28) earnings per share. Blink Charging’s revenue was down 29.3% compared to the same quarter last year.

Blink Charging Stock Down 7.9 %

Shares of NASDAQ BLNK traded down $0.08 on Thursday, hitting $0.90. The company had a trading volume of 7,558,142 shares, compared to its average volume of 4,973,139. Blink Charging has a 12-month low of $0.87 and a 12-month high of $3.75. The business has a 50 day moving average of $1.22 and a two-hundred day moving average of $1.57. The firm has a market capitalization of $91.09 million, a P/E ratio of -0.60 and a beta of 2.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Monday, January 27th. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. Finally, Barclays lowered their target price on shares of Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.09.

Get Our Latest Research Report on BLNK

Blink Charging Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History for Blink Charging (NASDAQ:BLNK)

Receive News & Ratings for Blink Charging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blink Charging and related companies with MarketBeat.com's FREE daily email newsletter.