Blink Charging (BLNK) Sees a More Significant Dip Than Broader Market
In the latest trading session, Blink Charging (BLNK) closed at $0.87, reflecting a drop of -5.75% from the previous day. This decline outpaced the S&P 500's daily loss of 1.13%. Meanwhile, the Dow and tech-heavy Nasdaq also faced losses of 1.79% and 1.3%, respectively.
Over the past month, Blink Charging's shares have surged by 29.49%, significantly outperforming the Computer and Technology sector, which saw a gain of 7.36%, and the S&P 500, which rose by 3.55%.
Investors are keenly anticipating Blink Charging's upcoming earnings report, where analysts project earnings of -$0.16 per share, indicating a year-over-year growth of 11.11%. The consensus estimate for revenue stands at $25.11 million, which marks a decline of 24.5% from the same quarter in the previous year.
For the entire fiscal year, the Zacks Consensus Estimates anticipate earnings of -$0.57 per share and revenue of $110.23 million, reflecting changes of +6.56% and -12.65%, respectively, compared to the prior year.
Investors should also monitor any recent revisions to analyst forecasts for Blink Charging, as these changes often reflect shifting business dynamics. Positive revisions can indicate a favorable outlook on the company's health and profitability, which is crucial for stock price performance.
The Zacks Rank system, which incorporates these estimate changes, provides a rating system that ranges from #1 (Strong Buy) to #5 (Strong Sell). Notably, #1 stocks have delivered an average annual return of +25% since 1988. Currently, Blink Charging holds a Zacks Rank of #4 (Sell), with a recent 9.66% decline in the consensus EPS estimate over the past month.
Within the Computer and Technology sector, the Electronics - Miscellaneous Services industry currently holds a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries. The Zacks Industry Rank evaluates the average Zacks Rank of individual stocks in these groups, demonstrating that the top-rated industries tend to outperform the lower-rated ones by a factor of two to one.
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