In the latest trading session, Blink Charging (BLNK) closed at $0.77, marking a -1.67% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.12%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.2%.
Coming into today, shares of the company had gained 45.08% in the past month. In that same time, the Computer and Technology sector gained 16.05%, while the S&P 500 gained 9.3%.
The upcoming earnings release of Blink Charging will be of great interest to investors. The company is predicted to post an EPS of -$0.07, indicating a 61.11% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $21.15 million, indicating a 1.9% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.2 per share and revenue of $110.55 million, indicating changes of +68.25% and +6.82%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Blink Charging should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the past month, there's been a 33.33% rise in the Zacks Consensus EPS estimate. Blink Charging presently features a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Blink Charging Co. (BLNK): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).