Beam Global reports results for the quarter ended June 30 - Earnings Summary

• Beam Global BEEM.OQ reported a quarterly adjusted loss of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -34 cents. The mean expectation of four analysts for the quarter was for a loss of 31 cents per share. Wall Street expected results to range from -33 cents to -30 cents per share.

• Revenue fell 52.2% to $7.08 million from a year ago; analysts expected $7.13 million.

• Beam Global's reported EPS for the quarter was a loss of 28 cents​.

• The company reported a quarterly loss of $4.28 million.

• Beam Global shares had risen by 65.8% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 48.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

• Wall Street's median 12-month price target for Beam Global is $4.00, about 40.5% above its last closing price of $2.38

This summary was machine generated from LSEG data August 14 at 09:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)