EVgo (EVGO) Scheduled to Post Quarterly Earnings on Tuesday

EVgo (NYSE:EVGO) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. EVgo has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

EVgo (NYSE:EVGO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $50.00 million during the quarter, compared to the consensus estimate of $44.39 million. The firm’s quarterly revenue was up 83.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, analysts expect EVgo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EVgo Stock Down 1.1 %

EVGO traded down $0.02 during mid-day trading on Tuesday, reaching $1.81. The stock had a trading volume of 545,019 shares, compared to its average volume of 2,741,655. The firm’s fifty day simple moving average is $2.32 and its two-hundred day simple moving average is $2.65. EVgo has a 52 week low of $1.65 and a 52 week high of $6.48.

Analysts Set New Price Targets

A number of research analysts have commented on EVGO shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $4.00 price objective on shares of EVgo in a research report on Friday, April 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $5.00 price objective on shares of EVgo in a research report on Thursday, March 7th. Finally, Evercore ISI decreased their price objective on EVgo from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, EVgo currently has an average rating of “Moderate Buy” and a consensus target price of $5.19.

Insider Activity

In related news, CFO Olga Shevorenkova sold 19,363 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.00, for a total transaction of $58,089.00. Following the sale, the chief financial officer now owns 81,991 shares of the company’s stock, valued at approximately $245,973. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Olga Shevorenkova sold 19,363 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.00, for a total transaction of $58,089.00. Following the sale, the chief financial officer now owns 81,991 shares of the company’s stock, valued at approximately $245,973. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Dennis G. Kish sold 34,717 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.00, for a total value of $104,151.00. The disclosure for this sale can be found here. Insiders have sold a total of 86,002 shares of company stock valued at $234,693 in the last 90 days. 66.96% of the stock is owned by company insiders.

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.