What To Expect From Blink Charging’s (BLNK) Q4 Earnings

EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) will be reporting earnings tomorrow afternoon. Here’s what you need to know.

Blink Charging missed analysts’ revenue expectations by 27.6% last quarter, reporting revenues of $25.19 million, down 41.9% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is Blink Charging a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Blink Charging’s revenue to decline 26.2% year on year to $31.5 million, a reversal from the 88.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.16 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Blink Charging has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Blink Charging’s peers in the renewable energy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 60.4%, beating analysts’ expectations by 12.8%, and American Superconductor reported revenues up 56%, topping estimates by 8.4%. Bloom Energy traded up 4.4% following the results while American Superconductor was also up 33.9%.

Read our full analysis of Bloom Energy’s results here and American Superconductor’s results here.

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