This story originally appeared on Zacks
In the latest trading session, Blink Charging (BLNK) closed at $23.70, marking no change from the previous day. This change was narrower than the S&P 500’s daily loss of 1.9%. At the same time, the Dow lost 1.43%, and the tech-heavy Nasdaq gained 0.06%.
– Zacks
Prior to today’s trading, shares of the company had gained 3.4% over the past month. This has outpaced the Computer and Technology sector’s loss of 4.42% and the S&P 500’s loss of 3.39% in that time.
Blink Charging will be looking to display strength as it nears its next earnings release. In that report, analysts expect Blink Charging to post earnings of -$0.39 per share. This would mark a year-over-year decline of 62.5%. Our most recent consensus estimate is calling for quarterly revenue of $5.99 million, up 144.37% from the year-ago period.
Any recent changes to analyst estimates for Blink Charging should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Blink Charging is currently a Zacks Rank #3 (Hold).
The Electronics – Miscellaneous Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
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 Report
To read this article on Zacks.com click here.
![Judge orders truckers to end U.S.-Canada border blockade [UPDATE]](https://todayheadline.co/wp-content/uploads/2022/02/1204e3a0-8b69-11ec-9f7d-40c5f83d18cc-75x75.jpeg)
