FY2025 EPS Estimates for EVgo Boosted by Cantor Fitzgerald

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) - Equities research analysts at Cantor Fitzgerald raised their FY2025 earnings estimates for shares of EVgo in a report issued on Wednesday, August 6th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings per share of ($0.36) for the year, up from their prior estimate 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.

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

A number of other equities analysts also recently commented on the stock. Roth Capital reaffirmed a "buy" rating on shares of EVgo in a report on Wednesday, May 7th. Morgan Stanley lifted their price target on shares of EVgo from $4.00 to $4.50 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of EVgo in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, EVgo presently has an average rating of "Buy" and a consensus target price of $6.19.

EVgo Stock Performance

Shares of NASDAQ:EVGO traded up $0.10 during midday trading on Friday, reaching $3.66. 2,169,543 shares of the company's stock were exchanged, compared to its average volume of 4,494,599. The company's 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $3.26. The firm has a market capitalization of $1.12 billion, a PE ratio of -8.93 and a beta of 2.33. EVgo has a 12 month low of $2.19 and a 12 month high of $9.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVGO. Raymond James Financial Inc. acquired a new position in EVgo during the fourth quarter valued at approximately $80,000. KLP Kapitalforvaltning AS acquired a new position in EVgo during the fourth quarter valued at approximately $102,000. Vanguard Group Inc. grew its holdings in EVgo by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock valued at $49,414,000 after purchasing an additional 2,043,449 shares during the period. JPMorgan Chase & Co. grew its holdings in EVgo by 93.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company's stock valued at $4,915,000 after purchasing an additional 586,108 shares during the period. Finally, Geode Capital Management LLC grew its holdings in EVgo by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,432,183 shares of the company's stock valued at $9,853,000 after purchasing an additional 12,320 shares during the period. Institutional investors and hedge funds own 17.44% of the company's stock.

Insider Transactions at EVgo

In related news, President Dennis G. Kish sold 73,215 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $3.69, for a total transaction of $270,163.35. Following the completion of the transaction, the president owned 72,269 shares in the company, valued at approximately $266,672.61. The trade was a 50.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 58.79% of the company's stock.

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.