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Blink Charging (BLNK) Reports Q3 Loss, Lags Revenue Estimates
BLNKBlink(BLNK) ZACKS·2024-11-08 02:05

Company Performance - Blink Charging reported a quarterly loss of 0.16pershare,slightlybetterthantheZacksConsensusEstimateofalossof0.16 per share, slightly better than the Zacks Consensus Estimate of a loss of 0.17, and the same as the loss reported a year ago [1] - The company posted revenues of 25.19millionforthequarterendedSeptember2024,missingtheZacksConsensusEstimateby27.9525.19 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 27.95%, and down from 43.38 million year-over-year [2] - Over the last four quarters, Blink Charging has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Outlook - Blink Charging shares have declined approximately 43.7% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -0.16onrevenuesof0.16 on revenues of 39.42 million, and for the current fiscal year, it is -0.71onrevenuesof0.71 on revenues of 145.22 million [7] - The estimate revisions trend for Blink Charging is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Electronics - Miscellaneous Services industry, to which Blink Charging belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]