Earnings To Watch: Blink Charging (BLNK) Reports Q3 Results Tomorrow

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Earnings To Watch: Blink Charging (BLNK) Reports Q3 Results Tomorrow

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EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) will be reporting results tomorrow after the bell. Here’s what to expect.

Blink Charging missed analysts’ revenue expectations by 14.5% last quarter, reporting revenues of $33.26 million, up 1.3% year on year. It was a disappointing quarter for the company, with a miss of analysts’ operating margin estimates.

Is Blink Charging a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Blink Charging’s revenue to decline 19.3% year on year to $35.02 million, a reversal from the 152% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.11 per share.

Blink Charging Total Revenue
Blink Charging Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Blink Charging has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Blink Charging’s peers in the renewable energy segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Superconductor delivered year-on-year revenue growth of 60.2%, beating analysts’ expectations by 6.1%, and Generac reported revenues up 9.6%, topping estimates by 1%. American Superconductor traded up 4.3% following the results while Generac was also up 2.3%.

Read our full analysis of American Superconductor’s results here and Generac’s results here.

There has been positive sentiment among investors in the renewable energy segment, with share prices up 2.7% on average over the last month. Blink Charging is up 12% during the same time and is heading into earnings with an average analyst price target of $5 (compared to the current share price of $2.14).

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