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Blink Charging (BLNK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2024, Blink Charging (BLNK - Free Report) reported revenue of $30.18 million, down 29.3% over the same period last year. EPS came in at -$0.15, compared to -$0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $32.41 million, representing a surprise of -6.87%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being -$0.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blink Charging performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Product sales: $17.17 million versus the three-analyst average estimate of $21.57 million. The reported number represents a year-over-year change of -48.6%.
Revenues- Charging service revenue - company-owned charging stations: $6.23 million versus $5.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.3% change.
Revenues- Grant and rebate: $0.09 million compared to the $0.17 million average estimate based on two analysts. The reported number represents a change of -53% year over year.
Revenues- Network fees: $2.41 million compared to the $2.52 million average estimate based on two analysts. The reported number represents a change of +9% year over year.
Revenues- Car-sharing services: $1.20 million versus the two-analyst average estimate of $1.34 million. The reported number represents a year-over-year change of +0.8%.
Revenues- Other: $0.36 million versus $0.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +220.5% change.
Revenues- Warranty: $2.73 million compared to the $0.82 million average estimate based on two analysts. The reported number represents a change of +149.2% year over year.
Shares of Blink Charging have returned -8.7% over the past month versus the Zacks S&P 500 composite's -7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Blink Charging (BLNK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2024, Blink Charging (BLNK - Free Report) reported revenue of $30.18 million, down 29.3% over the same period last year. EPS came in at -$0.15, compared to -$0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $32.41 million, representing a surprise of -6.87%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being -$0.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blink Charging performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Product sales: $17.17 million versus the three-analyst average estimate of $21.57 million. The reported number represents a year-over-year change of -48.6%.
- Revenues- Charging service revenue - company-owned charging stations: $6.23 million versus $5.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.3% change.
- Revenues- Grant and rebate: $0.09 million compared to the $0.17 million average estimate based on two analysts. The reported number represents a change of -53% year over year.
- Revenues- Network fees: $2.41 million compared to the $2.52 million average estimate based on two analysts. The reported number represents a change of +9% year over year.
- Revenues- Car-sharing services: $1.20 million versus the two-analyst average estimate of $1.34 million. The reported number represents a year-over-year change of +0.8%.
- Revenues- Other: $0.36 million versus $0.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +220.5% change.
- Revenues- Warranty: $2.73 million compared to the $0.82 million average estimate based on two analysts. The reported number represents a change of +149.2% year over year.
View all Key Company Metrics for Blink Charging here>>>Shares of Blink Charging have returned -8.7% over the past month versus the Zacks S&P 500 composite's -7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.