* Beam Global reported a quarterly adjusted loss of 9 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of six analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -22 cents to -12 cents per share.
* Revenue fell 30.4% to $11.48 million from a year ago; analysts expected $15.22 million.
* Beam Global's reported EPS for the quarter was a loss of 9 cents.
* The company reported a quarterly loss of $1.3 million.
* Beam Global shares had fallen by 13.8% this quarter and lost 40.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 4.8% 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 5 "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 11.00 This summary was machine generated from LSEG data November 15 at 02:02 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
Sep. 30 2024 -0.16 -0.09 Beat
Jun. 30 2024 -0.20 -0.34 Missed
Mar. 31 2024 -0.30 -0.21 Beat
Dec. 31 2023 -0.41 -0.67 Missed
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