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Blink Charging (BLNK) Stock Drops Despite Market Gains: Important Facts to Note
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The most recent trading session ended with Blink Charging (BLNK - Free Report) standing at $0.73, reflecting a -1.8% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.15% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.09%.
Shares of the company witnessed a loss of 20.8% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.15% and the S&P 500's loss of 0.21%.
The investment community will be closely monitoring the performance of Blink Charging in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.14, showcasing a 7.69% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $27.01 million, indicating a 28.1% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.48 per share and a revenue of $130.77 million, indicating changes of +21.31% and +3.62%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Blink Charging. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Blink Charging possesses a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 15, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Blink Charging (BLNK) Stock Drops Despite Market Gains: Important Facts to Note
The most recent trading session ended with Blink Charging (BLNK - Free Report) standing at $0.73, reflecting a -1.8% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.15% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.09%.
Shares of the company witnessed a loss of 20.8% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.15% and the S&P 500's loss of 0.21%.
The investment community will be closely monitoring the performance of Blink Charging in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.14, showcasing a 7.69% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $27.01 million, indicating a 28.1% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.48 per share and a revenue of $130.77 million, indicating changes of +21.31% and +3.62%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Blink Charging. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Blink Charging possesses a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 15, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.