-$0.11 Earnings Per Share Expected for EVgo, Inc. (NYSE:EVGO) This Quarter

Analysts expect EVgo, Inc. (NYSE:EVGO – Get Rating) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for EVgo’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.10). The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that EVgo will report full-year earnings of ($0.74) per share for the current fiscal year, with EPS estimates ranging from ($1.63) to ($0.39). For the next financial year, analysts forecast that the firm will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.36) to ($0.26). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EVgo.

EVgo (NYSE:EVGO – Get Rating) last announced its earnings results on Wednesday, March 23rd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The firm had revenue of $7.12 million for the quarter, compared to analyst estimates of $5.90 million.

Several research firms recently commented on EVGO. Cantor Fitzgerald began coverage on EVgo in a report on Thursday, April 28th. They issued an “overweight” rating and a $14.00 price target for the company. Zacks Investment Research cut EVgo from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Credit Suisse Group raised EVgo from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Thursday, May 12th. Tudor Pickering began coverage on EVgo in a report on Thursday, April 21st. They issued a “buy” rating and a $16.00 price target for the company. Finally, Tudor, Pickering, Holt & Co. began coverage on EVgo in a report on Thursday, April 21st. They issued a “buy” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, EVgo currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Several hedge funds and other institutional investors have recently bought and sold shares of EVGO. Vanguard Group Inc. grew its position in EVgo by 121.6% during the 1st quarter. Vanguard Group Inc. now owns 5,882,535 shares of the company’s stock worth $75,649,000 after purchasing an additional 3,228,340 shares during the last quarter. Pictet Asset Management SA grew its position in EVgo by 47.9% during the 4th quarter. Pictet Asset Management SA now owns 3,991,750 shares of the company’s stock worth $39,678,000 after purchasing an additional 1,293,481 shares during the last quarter. CI Investments Inc. purchased a new position in EVgo during the 1st quarter worth $46,425,000. Invesco Ltd. purchased a new position in EVgo during the 3rd quarter worth $28,720,000. Finally, Allianz Asset Management GmbH purchased a new position in EVgo during the 1st quarter worth $32,188,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EVgo stock traded down $0.24 during mid-day trading on Friday, reaching $9.15. 2,188,378 shares of the stock traded hands, compared to its average volume of 2,268,017. The business has a 50-day moving average of $10.88 and a 200 day moving average of $10.82. EVgo has a fifty-two week low of $6.90 and a fifty-two week high of $19.59.

EVgo Company Profile (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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