Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level.ĬhargePoint Holdings, Inc.'s revenues are expected to be $128.01 million, up 56.8% from the year-ago quarter. This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of +23.8%. The results are expected to be released on June 1. ( CHPT Quick Quote CHPT - Free Report), is yet to report results for the quarter ended April 2023. One other stock from the same industry, ChargePoint Holdings, Inc. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the top 37% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is -$0.42 on $9.96 million in revenues for the coming quarter and -$1.51 on $45.9 million in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Beam Global: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Beam Global has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.īeam Global shares have lost about 43.5% since the beginning of the year versus the S&P 500's gain of 7.4%. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $3.77 million. Over the last four quarters, the company has surpassed consensus EPS estimates just once.īeam Global, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $13.02 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 64.35%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.77, delivering a surprise of -71.11%. This quarterly report represents an earnings surprise of 9.52%. These figures are adjusted for non-recurring items. This compares to loss of $0.24 per share a year ago. LTD.Beam Global ( BEEM Quick Quote BEEM - Free Report) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.42. Former Entity Name1 GOLDEN BEAM HOLDINGS PTE.Primary User Described Activity WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT (46900). Primary Ssic Description WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT.Company Type Description PRIVATE COMPANY LIMITED BY SHARES.Bussiness Address TEXTILE CENTRE, 200 JALAN SULTAN, #03-11, Postal 199018.The company UEN is 201719358H, registered with ACRA on. And it is also known as GOLDEN BEAM TECHNOLOGIES PTE. It was named as GOLDEN BEAM HOLDINGS PTE. (eg WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT (46900)). The Business's principal activity is WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT. The Business current operating status is Live Company. The address of the Business's registered office is TEXTILE CENTRE, 200 JALAN SULTAN, #03-11, Postal 199018. The company was incorporated on, which is 6.1 years ago. is a Singapore PRIVATE COMPANY LIMITED BY SHARES.
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