Analysts Anticipate Beam Global (NASDAQ:BEEM) to Post -$0.18 EPS

Wall Street analysts expect that Beam Global (NASDAQ:BEEM – Get Rating) will report earnings of ($0.18) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Beam Global’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.19). Beam Global reported earnings of ($0.14) per share in the same quarter last year, which suggests a negative year over year growth rate of 28.6%. The company is expected to announce its next quarterly earnings report 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 expect that the business will report earnings of $0.75 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Beam Global.

Beam Global (NASDAQ:BEEM – Get Rating) last announced its quarterly earnings results on Wednesday, March 30th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). The company had revenue of $3.49 million for the quarter, compared to analysts’ expectations of $2.93 million. 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 previous year, the business earned ($0.34) EPS.

In other Beam Global news, CEO Desmond C. Wheatley sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $22.33, for a total transaction of $33,495.00. Following the sale, the chief executive officer now owns 74,422 shares in the company, valued at approximately $1,661,843.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.85% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Beam Global by 16.0% during the third quarter. Invesco Ltd. now owns 1,563,870 shares of the company’s stock valued at $42,803,000 after buying an additional 215,739 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Beam Global by 3.4% in the first quarter. BlackRock Inc. now owns 561,382 shares of the company’s stock valued at $11,480,000 after purchasing an additional 18,648 shares in the last quarter. State Street Corp grew its holdings in shares of Beam Global by 5.0% in the first quarter. State Street Corp now owns 317,710 shares of the company’s stock valued at $6,497,000 after purchasing an additional 15,178 shares in the last quarter. Nicola Wealth Management LTD. grew its holdings in shares of Beam Global by 23.9% in the first quarter. Nicola Wealth Management LTD. now owns 210,000 shares of the company’s stock valued at $4,295,000 after purchasing an additional 40,480 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Beam Global by 20.7% in the third quarter. Geode Capital Management LLC now owns 161,712 shares of the company’s stock valued at $4,426,000 after purchasing an additional 27,723 shares in the last quarter. Hedge funds and other institutional investors own 35.04% of the company’s stock.

BEEM opened at $15.54 on Wednesday. The company has a market cap of $156.49 million, a price-to-earnings ratio of -21.29 and a beta of 0.40. The company’s 50 day moving average is $18.24 and its 200 day moving average is $19.48. Beam Global has a 12-month low of $10.19 and a 12-month high of $41.05.

About Beam Global (Get Rating)

Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products. The company's product portfolio include EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 50kW DC fast charge to one or more electric vehicles or larger vehicles; and EV ARC DCFC, a DC fast charging system for charging EVs.

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