Beam (US:BEEM) ZACKSยท2024-08-13 22:45Group 1 - Beam Global reported a quarterly loss of $0.14 per share, better than the Zacks Consensus Estimate of a loss of $0.20, and an improvement from a loss of $0.32 per share a year ago, representing a 30% earnings surprise [1] - The company posted revenues of $14.81 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 9.13%, and down from $17.82 million year-over-year [2] - Beam Global shares have declined approximately 23% since the beginning of the year, contrasting with the S&P 500's gain of 12.1% [3] Group 2 - The earnings outlook for Beam Global is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $19.66 million, and for the current fiscal year, it is -$0.67 on revenues of $69.68 million [7] - The Automotive - Original Equipment industry, to which Beam Global belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]