Brokerages Anticipate Beam Global (NASDAQ:BEEM) to Announce -$0.18 Earnings Per Share

Brokerages predict that Beam Global (NASDAQ:BEEMGet Rating) will announce earnings of ($0.18) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Beam Global’s earnings. The lowest EPS estimate is ($0.19) and the highest is ($0.17). Beam Global reported earnings of ($0.14) per share during the same quarter last year, which would indicate a negative year over year growth rate of 28.6%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Beam Global will report full-year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.71) to ($0.60). For the next fiscal year, analysts anticipate that the business will report earnings of $0.75 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Beam Global.

Beam Global (NASDAQ:BEEMGet Rating) last released its earnings results on Wednesday, March 30th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.01). Beam Global had a negative net margin of 73.28% and a negative return on equity of 23.30%. During the same period in the prior year, the firm posted ($0.34) earnings per share.

Separately, Zacks Investment Research cut Beam Global from a “buy” rating to a “hold” rating in a research note on Tuesday, January 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $38.25.

In other news, CEO Desmond C. Wheatley sold 1,500 shares of the company’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $22.33, for a total transaction of $33,495.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.85% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in shares of Beam Global by 147.4% during the 3rd quarter. Citigroup Inc. now owns 1,034 shares of the company’s stock worth $28,000 after buying an additional 616 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Beam Global during the 3rd quarter worth $51,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Beam Global during the 3rd quarter worth $66,000. Advisor Group Holdings Inc. lifted its position in shares of Beam Global by 90.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,463 shares of the company’s stock worth $47,000 after buying an additional 1,167 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Beam Global during the 3rd quarter worth $80,000. Institutional investors and hedge funds own 39.23% of the company’s stock.

Shares of Beam Global stock traded up $0.95 on Wednesday, reaching $23.87. 5,086 shares of the company were exchanged, compared to its average volume of 346,765. Beam Global has a one year low of $10.19 and a one year high of $41.43. The company has a 50-day moving average of $15.67 and a 200 day moving average of $21.30.

Beam Global Company Profile (Get Rating)

Beam Global engages in the invention, design, engineering, manufacture, and sale of solar powered products. It offers solar powered products and proprietary technology solutions for electric vehicle charging infrastructure, out of home advertising platforms, and energy security and disaster preparedness.

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