Blink Charging Q2 2024 Adj EPS $(2.00) Misses $(0.15) Estimate, Sales $33.26M Miss $39.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blink Charging (NASDAQ:BLNK) reported Q2 2024 adjusted EPS of $(2.00), significantly missing the $(0.15) estimate. Sales were $33.26M, also missing the $39.06M estimate. This represents a 1.28% increase over the same period last year.
August 07, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Blink Charging reported Q2 2024 adjusted EPS of $(2.00), missing the $(0.15) estimate by a wide margin. Sales of $33.26M also missed the $39.06M estimate, though they were up 1.28% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact Blink Charging's stock price in the short term. Despite a slight year-over-year sales increase, the large EPS miss indicates potential operational or financial issues.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100