Beam Global reports results for the quarter ended January

• Beam Global BEEM reported an adjusted loss of 34 cents per share for the quarter ended January, down from the same quarter a year ago when the company reported earnings per share of -32 cents. The average expectation of five analysts for the quarter was a loss of 20 cents per share. Wall Street expected results between -25 and -18 cents per share.

• Sales fell 16.9% year-on-year to $14.81 million; analysts had expected $16.86 million.

• Beam Global’s reported earnings per share for the quarter were 34 cents.

• The company reported a quarterly loss of $4.92 million.

• Beam Global shares were up 18.4% for the quarter and down 23.0% for the year to date.

FORECAST CHANGES

• The average analyst earnings estimate had risen by about 17.2% over the past three months.​

• In the last 30 days, one analyst has revised his earnings forecast downwards

RECOMMENDATIONS

• The current average analyst rating for the stock is “Buy” and the breakdown of recommendations is as follows: 5 “Strong Buy” or “Buy”, 1 “Hold” and no “Sell” or “Strong Sell”.

• The average consensus recommendation for the peer group of renewable energy equipment and services is also “Buy”.

Wall Street’s median 12-month price target for Beam Global is $11.50.

This summary was machine-generated from LSEG data as of August 13 at 22:18 UTC. All figures in U.S. dollars unless otherwise noted. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])