$6.28 Million in Sales Expected for Blink Charging Co. (NASDAQ:BLNK) This Quarter

Equities research analysts expect Blink Charging Co. (NASDAQ:BLNKGet Rating) to post $6.28 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Blink Charging’s earnings. The highest sales estimate is $7.39 million and the lowest is $5.00 million. Blink Charging posted sales of $2.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 181.6%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Blink Charging will report full-year sales of $31.30 million for the current year, with estimates ranging from $27.00 million to $37.07 million. For the next fiscal year, analysts anticipate that the business will report sales of $56.62 million, with estimates ranging from $50.86 million to $62.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Blink Charging.

Blink Charging (NASDAQ:BLNKGet Rating) last issued its earnings results on Thursday, March 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.06). The company had revenue of $7.95 million for the quarter, compared to analysts’ expectations of $6.20 million. Blink Charging had a negative net margin of 263.24% and a negative return on equity of 24.09%. The firm’s revenue for the quarter was up 224.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share.

A number of equities analysts have commented on BLNK shares. Stifel Nicolaus reduced their target price on shares of Blink Charging from $39.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 15th. Needham & Company LLC dropped their target price on Blink Charging from $41.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, February 22nd. Finally, Zacks Investment Research lowered Blink Charging from a “hold” rating to a “sell” rating in a research report on Tuesday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.17.

BLNK stock opened at $22.81 on Thursday. The business has a 50-day moving average price of $24.74 and a 200 day moving average price of $27.66. The company has a market capitalization of $967.97 million, a P/E ratio of -17.41 and a beta of 3.50. Blink Charging has a 1-year low of $17.93 and a 1-year high of $49.00.

A number of institutional investors have recently made changes to their positions in BLNK. Koshinski Asset Management Inc. boosted its stake in shares of Blink Charging by 32.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,238 shares of the company’s stock valued at $86,000 after buying an additional 800 shares during the period. Spire Wealth Management raised its position in shares of Blink Charging by 56.1% during the 1st quarter. Spire Wealth Management now owns 6,152 shares of the company’s stock worth $163,000 after acquiring an additional 2,212 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Blink Charging by 14,328.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,010 shares of the company’s stock worth $27,000 after acquiring an additional 1,003 shares in the last quarter. Barclays PLC raised its position in shares of Blink Charging by 156.5% during the 4th quarter. Barclays PLC now owns 91,183 shares of the company’s stock worth $2,417,000 after acquiring an additional 55,639 shares in the last quarter. Finally, BlackRock Inc. increased its position in Blink Charging by 5.0% during the fourth quarter. BlackRock Inc. now owns 2,469,783 shares of the company’s stock worth $65,475,000 after buying an additional 118,403 shares during the period. Institutional investors own 33.35% of the company’s stock.

Blink Charging Company Profile (Get Rating)

Blink Charging Co, through its subsidiaries, owns, operates, 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.

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