Blink Charging (BLNK) closed at $0.93 in the latest trading session, marking a -1.79% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.26%.
Shares of the company witnessed a gain of 10.36% over the previous month, beating the performance of the Computer and Technology sector with its gain of 7.22%, and the S&P 500's gain of 4.51%.
Investors will be eagerly watching for the performance of Blink Charging in its upcoming earnings disclosure. The company is expected to report EPS of -$0.16, up 11.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $25.11 million, showing a 24.5% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.57 per share and revenue of $110.23 million. These totals would mark changes of +6.56% and -12.65%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Blink Charging. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Blink Charging presently features a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 16, positioning it in the top 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Blink Charging Co. (BLNK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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