6/28/2023 0 Comments Beem stock redditNot 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. ![]() 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.
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