What is B. Riley’s Estimate for Blink Charging Q1 Earnings?

Blink Charging Co. (NASDAQ:BLNK) – Equities research analysts at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for shares of Blink Charging in a report issued on Monday, May 12th. B. Riley analyst R. Pfingst forecasts that the company will earn ($0.12) per share for the quarter. The consensus estimate for Blink Charging’s current full-year earnings is ($0.64) per share. B. Riley also issued estimates for Blink Charging’s FY2025 earnings at ($0.42) EPS and FY2026 earnings at ($0.30) EPS.

Blink Charging (NASDAQ:BLNK) last announced its earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.03. Blink Charging had a negative net margin of 104.02% and a negative return on equity of 25.50%. The business had revenue of $30.20 million during the quarter, compared to the consensus estimate of $30.77 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was down 29.3% compared to the same quarter last year.

BLNK has been the subject of a number of other research reports. Barclays reduced their price target on Blink Charging from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reissued a “hold” rating on shares of Blink Charging in a research report on Tuesday. Roth Mkm restated a “buy” rating and issued a $3.00 price target (down previously from $4.00) on shares of Blink Charging in a research note on Friday, March 14th. Benchmark reduced their price objective on shares of Blink Charging from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, HC Wainwright decreased their price objective on shares of Blink Charging from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.61.

Blink Charging Price Performance

NASDAQ:BLNK opened at $0.71 on Wednesday. The firm has a 50-day moving average of $0.83 and a two-hundred day moving average of $1.23. The stock has a market cap of $73.04 million, a P/E ratio of -0.47 and a beta of 3.34. Blink Charging has a 1-year low of $0.63 and a 1-year high of $3.75.

Hedge Funds Weigh In On Blink Charging

A number of hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Blink Charging in the 1st quarter worth about $30,000. Cerity Partners LLC bought a new position in Blink Charging in the first quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Blink Charging in the first quarter valued at approximately $35,000. Millennium Management LLC bought a new position in shares of Blink Charging during the fourth quarter valued at approximately $43,000. Finally, CWM LLC raised its position in shares of Blink Charging by 2,609.3% during the 1st quarter. CWM LLC now owns 46,492 shares of the company’s stock worth $43,000 after purchasing an additional 44,776 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

About Blink Charging

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.