Blink Charging Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.2024-11-09

Blink Charging (NASDAQ:BLNK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$25.2m (down 42% from 3Q 2023). Net loss: US$87.4m (loss narrowed by 23% from 3Q 2023). US$0.86 loss per share (...

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Net loss: US$87.4m (loss narrowed by 23% from 3Q 2023). US$0.86 loss per share (...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nasdaq-blnk/blink-charging/news/blink-charging-third-quarter-2024-earnings-misses-expectatio\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLNK","symbol_name":"Blink Charging","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nasdaq-blnk/blink-charging/news/blink-charging-third-quarter-2024-earnings-misses-expectatio","article_id":"2482862404","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9551705-choice1-main-header/1585186890631"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482862404","pubTimestamp":1731161829,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Blink Charging ( NASDAQ:BLNK ) Third Quarter 2024 Results Key Financial Results Revenue: US$25.2m (down 42% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BLNK":"Blink Charging"},"translate_title":"Blink Charging 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLNK":1},"content_text":"Blink Charging (NASDAQ:BLNK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$25.2m (down 42% from 3Q 2023). Net loss: US$87.4m (loss narrowed by 23% from 3Q 2023). US$0.86 loss per share (improved from US$1.74 loss in 3Q 2023).  NasdaqCM:BLNK Earnings and Revenue Growth November 9th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Blink Charging Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 28%.  Earnings per share (EPS) also missed analyst estimates significantly.      Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.    Performance of the American Electrical industry.  The company's shares are down 18% from a week ago.   Risk Analysis You should learn about the   3 warning signs  we've spotted with Blink Charging (including 1 which doesn't sit too well with us). Valuation is complex, but we're here to simplify it.Discover if Blink Charging might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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