Things Look Grim For Beam Global (NASDAQ:BEEM) After Today's Downgrade [Yahoo! Finance]
Beam Global (BEEM)
Company Research
Source: Yahoo! Finance
Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. After the downgrade, the six analysts covering Beam Global are now predicting revenues of US$74m in 2025. If met, this would reflect a huge 22% improvement in sales compared to the last 12 months. Losses are expected to be contained, narrowing 17% per share from last year to US$0.67 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$96m and losses of US$0.25 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. View our latest analysis for Beam Global The consensus price target fell 41% to US$8.60, with the analysts clearly concerned about the company following the weaker revenue and earnings ou
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BEEM
News
- Beam Global (NASDAQ: BEEM) had its price target lowered by analysts at HC Wainwright from $30.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Beam Global Announces Third Quarter 2024 Operating Results [Yahoo! Finance]Yahoo! Finance
- Beam Global Announces Third Quarter 2024 Operating ResultsGlobeNewswire
- Beam Global to Release Q3 2024 Operating Results Conference Call Scheduled for November 15, 2024 at 4:30 p.m. ETGlobeNewswire
BEEM
Earnings
- 11/14/24 - Beat
BEEM
Sec Filings
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 10/28/24 - Form SC
- BEEM's page on the SEC website