Equities Analysts Offer Predictions for EVgo FY2025 Earnings

Key Points

• Cantor Fitzgerald has raised its FY2025 earnings per share estimate for EVgo to ($0.36), showing a slight improvement from a previous forecast of ($0.37), while the consensus for the current full year is ($0.45).
• EVgo recently reported quarterly earnings of ($0.10) per share, surpassing analyst expectations, with revenue increasing by 47.1% year-over-year to $98.03 million.
• Investment analysts provide a general positive outlook for EVgo, with the stock receiving multiple buy ratings and an average target price of $6.19, reflecting confidence in its future performance.

EVgo Inc. (NASDAQ:EVGO - Free Report) - Investment analysts at Cantor Fitzgerald increased their FY2025 earnings per share (EPS) estimates for EVgo in a research note issued on Wednesday, August 6th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings of ($0.36) per share for the year, up from their previous forecast of ($0.37). The consensus estimate for EVgo's current full-year earnings is ($0.45) per share. Cantor Fitzgerald also issued estimates for EVgo's FY2026 earnings at ($0.34) EPS.

Several other research firms also recently weighed in on EVGO. Morgan Stanley boosted their target price on EVgo from $4.00 to $4.50 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of EVgo in a research report on Thursday, May 8th. Finally, Roth Capital reissued a "buy" rating on shares of EVgo in a research report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $6.19.

EVgo Price Performance

Shares of NASDAQ:EVGO opened at $3.48 on Friday. EVgo has a 12 month low of $2.19 and a 12 month high of $9.07. The firm has a market capitalization of $1.07 billion, a P/E ratio of -8.49 and a beta of 2.33. The company's fifty day moving average price is $3.76 and its 200 day moving average price is $3.26.

EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. The company had revenue of $98.03 million for the quarter, compared to analyst estimates of $86.15 million. During the same period in the previous year, the business posted ($0.10) EPS. The firm's revenue for the quarter was up 47.1% compared to the same quarter last year.

Insiders Place Their Bets

In related news, President Dennis G. Kish sold 73,215 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $3.69, for a total value of $270,163.35. Following the sale, the president directly owned 72,269 shares in the company, valued at $266,672.61. The trade was a 50.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 58.79% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in shares of EVgo in the first quarter valued at $30,000. Merit Financial Group LLC acquired a new stake in shares of EVgo in the first quarter worth approximately $31,000. Ballentine Partners LLC purchased a new stake in EVgo in the first quarter valued at approximately $32,000. Hsbc Holdings PLC acquired a new position in shares of EVgo in the 1st quarter valued at $38,000. Finally, Ethic Inc. purchased a new stake in shares of EVgo during the 2nd quarter valued at $38,000. 17.44% of the stock is owned by hedge funds and other institutional investors.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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