Workflow
Blink Charging (BLNK) Reports Q1 Loss, Lags Revenue Estimates
BLNKBlink(BLNK) ZACKS·2025-05-12 23:01

Company Performance - Blink Charging reported a quarterly loss of 0.18pershare,whichwasworsethantheZacksConsensusEstimateofalossof0.18 per share, which was worse than the Zacks Consensus Estimate of a loss of 0.14, and compared to a loss of 0.13pershareayearago,indicatinganearningssurpriseof−28.570.13 per share a year ago, indicating an earnings surprise of -28.57% [1] - The company posted revenues of 20.75 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 23.17%, and down from 37.57millioninthesamequarterlastyear[2]−Overthelastfourquarters,BlinkCharginghassurpassedconsensusEPSestimatesonlytwotimesandhasnotbeatenconsensusrevenueestimates[2]StockPerformance−BlinkChargingshareshavedeclinedapproximately39.737.57 million in the same quarter last year [2] - Over the last four quarters, Blink Charging has surpassed consensus EPS estimates only two times and has not beaten consensus revenue estimates [2] Stock Performance - Blink Charging shares have declined approximately 39.7% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] - The current consensus EPS estimate for the upcoming quarter is -0.12 on revenues of 30.22million,andforthecurrentfiscalyear,itis−30.22 million, and for the current fiscal year, it is -0.48 on revenues of $130.77 million [7] Industry Outlook - The Zacks Industry Rank for Electronics - Miscellaneous Services, which includes Blink Charging, is currently in the top 8% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Blink Charging's stock performance [5]