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Blink Charging (BLNK) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2-min read

In the latest trading session, Blink Charging (BLNK) closed at $17.54, marking a -1.02% move from the previous day. This change lagged the S&P 500's daily gain of 2.59%. Elsewhere, the Dow gained 2.66%, while the tech-heavy Nasdaq added 0.11%.

Prior to today's trading, shares of the company had lost 9.36% over the past month. This has was narrower than the Computer and Technology sector's loss of 11.97% and lagged the S&P 500's loss of 9.22% in that time.

Investors will be hoping for strength from Blink Charging as it approaches its next earnings release. On that day, Blink Charging is projected to report earnings of -$0.35 per share, which would represent year-over-year growth of 2.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.55 million, up 127.38% from the year-ago period.

BLNK's full-year Zacks Consensus Estimates are calling for earnings of -$1.81 per share and revenue of $52.17 million. These results would represent year-over-year changes of -37.12% and +149.16%, respectively.

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Investors should also note any recent changes to analyst estimates for Blink Charging. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Blink Charging is holding a Zacks Rank of #3 (Hold) right now.

The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Blink Charging Co. (BLNK) : Free Stock Analysis Report
 
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Zacks Investment Research