EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) will be reporting earnings this Thursday after market close. Here’s what you need to know.
Blink Charging missed analysts’ revenue expectations last quarter, reporting revenues of $20.78 million, flat year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Blink Charging a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Blink Charging’s revenue to decline 14.6% year on year, in line with the 13.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Blink Charging’s peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 166%, beating analysts’ expectations by 27.7%, and Generac reported revenues up 10.6%, falling short of estimates by 0.5%. Bloom Energy traded down 1.9% following the results while Generac was also down 1.9%.
Read our full analysis of Bloom Energy’s results here and Generac’s results here.
Investors in the renewable energy segment have had steady hands going into earnings, with share prices flat over the last month. Blink Charging is down 10.9% during the same time and is heading into earnings with an average analyst price target of $2.25 (compared to the current share price of $0.56).
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