Blink Charging (BLNK) to Release Quarterly Earnings on Thursday

Blink Charging (NASDAQ:BLNK) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Blink Charging to post earnings of ($0.15) per share for the quarter. Blink Charging has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Blink Charging (NASDAQ:BLNK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Blink Charging had a negative net margin of 108.11% and a negative return on equity of 22.70%. The firm had revenue of $33.26 million during the quarter, compared to analyst estimates of $38.90 million. During the same period in the prior year, the firm posted ($0.44) earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts expect Blink Charging to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blink Charging Stock Performance

BLNK stock opened at $2.08 on Thursday. The stock has a market capitalization of $210.39 million, a PE ratio of -0.73 and a beta of 2.66. The company has a fifty day moving average of $1.88 and a 200-day moving average of $2.52. Blink Charging has a one year low of $1.53 and a one year high of $4.66.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLNK. Stifel Nicolaus lowered their price objective on Blink Charging from $4.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, August 12th. Needham & Company LLC dropped their price objective on Blink Charging from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. HC Wainwright decreased their target price on shares of Blink Charging from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group cut their price target on shares of Blink Charging from $4.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Benchmark initiated coverage on shares of Blink Charging in a report on Wednesday, July 31st. They set a “buy” rating and a $5.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blink Charging presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.79.

Insider Buying and Selling at Blink Charging

In other Blink Charging news, Director Jack Levine acquired 20,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $1.70 per share, with a total value of $34,000.00. Following the purchase, the director now directly owns 175,718 shares in the company, valued at approximately $298,720.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Jack Levine purchased 20,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the director now directly owns 175,718 shares in the company, valued at $298,720.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristina A. Peterson sold 24,077 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1.80, for a total transaction of $43,338.60. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.

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.