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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 $21.80, marking a -1.13% move from the previous day. This move lagged the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.

Coming into today, shares of the company had lost 3.25% in the past month. In that same time, the Computer and Technology sector lost 14.62%, while the S&P 500 lost 9.94%.

Wall Street will be looking for positivity from Blink Charging as it approaches its next earnings report date. The company is expected to report EPS of -$0.45, down 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.55 million, up 127.38% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.70 per share and revenue of $52.17 million. These totals would mark changes of -28.79% and +149.16%, respectively, from last year.

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Any recent changes to analyst estimates for Blink Charging should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Blink Charging is currently a Zacks Rank #3 (Hold).

The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 99, putting it in the top 40% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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