EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) will be reporting results this Thursday after the bell. Here’s what investors should know.
Blink Charging beat analysts’ revenue expectations by 35.2% last quarter, reporting revenues of $28.67 million, down 13.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Blink Charging a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Blink Charging’s revenue to grow 18.7% year on year to $29.88 million, a reversal from the 41.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.11 per share.
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 four times 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. Bloom Energy delivered year-on-year revenue growth of 57.1%, beating analysts’ expectations by 22.8%, and Enphase reported revenues up 7.8%, topping estimates by 12%. Bloom Energy traded up 18% following the results while Enphase was down 15.3%.
Read our full analysis of Bloom Energy’s results here and Enphase’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the renewable energy stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Blink Charging is down 40.4% during the same time and is heading into earnings with an average analyst price target of $2.40 (compared to the current share price of $1.49).
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