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EVgo Inc. (EVGO) Reports Q4 Loss, Lags Revenue Estimates
EVGOEVgo (EVGO) ZACKS·2025-03-04 14:10

Company Performance - EVgo Inc. reported a quarterly loss of 0.11pershare,betterthantheZacksConsensusEstimateofalossof0.11 per share, better than the Zacks Consensus Estimate of a loss of 0.15, and compared to a loss of 0.12pershareayearago,indicatinganearningssurpriseof26.670.12 per share a year ago, indicating an earnings surprise of 26.67% [1] - The company posted revenues of 67.51 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.85%, but showing an increase from year-ago revenues of 49.99million[2]−Overthelastfourquarters,EVgohassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatesthreetimesaswell[2]StockOutlook−EVgoshareshavedeclinedapproximately39.849.99 million [2] - Over the last four quarters, EVgo has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Outlook - EVgo shares have declined approximately 39.8% since the beginning of the year, contrasting with the S&P 500's decline of only 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is -0.15 on revenues of 75.26million,andforthecurrentfiscalyear,itis−75.26 million, and for the current fiscal year, it is -0.55 on revenues of $369.98 million [7] Industry Context - The Automotive - Original Equipment industry, to which EVgo belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact EVgo's stock performance [5]