* Beam Global reported a quarterly adjusted loss of 67 cents per share for the quarter ended in December, higher than the same quarter last year, when the company reported EPS of -77 cents. The mean expectation of four analysts for the quarter was for a loss of 41 cents per share. Wall Street expected results to range from -71 cents to -25 cents per share.
* Revenue rose 153.6% to $20.03 million from a year ago; analysts expected $18.02 million.
* Beam Global's reported EPS for the quarter was a loss of 67 cents.
* The company reported a quarterly loss of $5.07 million.
* Beam Global shares had fallen by 22.1% this quarter and lost 25.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"
Wall Street's median 12-month price target for Beam Global is $18.00 This summary was machine generated from LSEG data April 16 at 11:43 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 -0.41 -0.67 Missed
Sep. 30 2023 -0.33 -0.26 Beat
Jun. 30 2023 -0.34 -0.32 Beat
Mar. 31 2023 -0.46 -0.38 Beat
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