EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) will be reporting earnings this Thursday after market close. Here’s what to expect.
Blink Charging missed analysts’ revenue expectations by 24.3% last quarter, reporting revenues of $20.75 million, down 44.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Blink Charging a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Blink Charging’s revenue to decline 36.2% year on year to $21.21 million, a reversal from the 1.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Blink Charging has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Blink Charging’s peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Generac delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 3.4%, and American Superconductor reported revenues up 79.6%, topping estimates by 11.4%. Generac traded up 28.9% following the results while American Superconductor was also up 29.4%.
Read our full analysis of Generac’s results here and American Superconductor’s results here.
There has been positive sentiment among investors in the renewable energy segment, with share prices up 2.1% on average over the last month. Blink Charging is up 5.1% during the same time and is heading into earnings with an average analyst price target of $2.40 (compared to the current share price of $0.95).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
