EVgo (NASDAQ:EVGO - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02, Zacks reports. The firm had revenue of $75.29 million for the quarter, compared to analysts' expectations of $70.11 million. The business's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. EVgo updated its FY 2025 guidance to EPS.
EVgo Trading Down 4.4 %
Shares of EVGO traded down $0.17 during trading hours on Friday, reaching $3.66. 5,720,901 shares of the company traded hands, compared to its average volume of 4,354,259. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -8.71 and a beta of 2.27. The stock's fifty day moving average price is $2.71 and its 200 day moving average price is $4.08. EVgo has a 12-month low of $1.80 and a 12-month high of $9.07.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on EVGO. Evercore ISI reduced their price target on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. UBS Group decreased their target price on shares of EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of EVgo in a research report on Thursday. Stifel Nicolaus decreased their price objective on EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $8.00 target price on shares of EVgo in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, EVgo presently has a consensus rating of "Buy" and an average target price of $6.25.
Read Our Latest Report on EVGO
About EVgo
(
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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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