Blink Charging (BLNK) Laps the Stock Market: Here's Why

In the latest close session, Blink Charging (BLNK) was up +1.75% at $0.64. The stock outpaced the S&P 500's daily gain of 0.79%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 1.52%.

The stock of company has fallen by 25.45% in the past month, lagging the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.

The investment community will be closely monitoring the performance of Blink Charging in its forthcoming earnings report. On that day, Blink Charging is projected to report earnings of -$0.05 per share, which would represent year-over-year growth of 80.77%. Meanwhile, our latest consensus estimate is calling for revenue of $24.47 million, down 14.65% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.17 per share and revenue of $105.64 million, which would represent changes of +73.02% and +2.07%, respectively, from the prior year.

Any recent changes to analyst estimates for Blink Charging should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, there's been no change in the Zacks Consensus EPS estimate. Currently, Blink Charging is carrying a Zacks Rank of #2 (Buy).

The Electronics - Miscellaneous Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.

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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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