Blink Charging (BLNK) Stock Falls Amid Market Uptick: What Investors Need to Know

Blink Charging (BLNK) ended the recent trading session at $1.82, demonstrating a -4.71% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.52%. Coming into today, shares of the company had gained 34.51% in the past month. In that same time, the Computer and Technology sector gained 2.01%, while the S&P 500 gained 0.71%. Market participants will be closely following the financial results of Blink Charging in its upcoming release. On that day, Blink Charging is projected to report earnings of -$0.11 per share, which would represent year-over-year growth of 31.25%. Meanwhile, our latest consensus estimate is calling for revenue of $30.31 million, up 20.31% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.65 per share and a revenue of $112.43 million, indicating changes of -6.56% and -10.91%, respectively, from the former year. Investors should also pay attention to any latest changes in analyst estimates for Blink Charging. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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 #4 (Sell). The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blink Charging Co. (BLNK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks