In the latest trading session, Blink Charging (BLNK) closed at $0.87, marking a -5.75% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.13%. At the same time, the Dow lost 1.79%, and the tech-heavy Nasdaq lost 1.3%.
Shares of the company witnessed a gain of 29.49% over the previous month, beating the performance of the Computer and Technology sector with its gain of 7.36%, and the S&P 500's gain of 3.55%.
Investors will be eagerly watching for the performance of Blink Charging in its upcoming earnings disclosure. In that report, analysts expect Blink Charging to post earnings of -$0.16 per share. This would mark year-over-year growth of 11.11%. Meanwhile, our latest consensus estimate is calling for revenue of $25.11 million, down 24.5% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.57 per share and a revenue of $110.23 million, indicating changes of +6.56% and -12.65%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Blink Charging. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.66% lower. As of now, Blink Charging holds a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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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