Beam Global, a publicly-traded company listed on NASDAQ under the ticker symbol BEEM, recently released its financial results for the second quarter of 2023. The figures unveiled are quite promising and showcase the company’s ability to outperform market expectations.
In terms of earnings per share (EPS), Beam Global reported a loss of $(0.32) per share. However, this result actually surpassed the consensus estimate of $(0.34) by an impressive 5.88%. This indicates that the company’s financial performance was better than what analysts had predicted.
Furthermore, the company’s sales for the second quarter stood at $17.82 million, which exceeded the analyst consensus estimate of $15.00 million by a significant margin of 18.79%. This is a clear indication of Beam Global’s strong sales performance during this period.
Comparing these results to the same period last year, there has been a notable improvement. The losses per share decreased by 14.29%, showcasing the company’s efforts to enhance its financial stability. Additionally, there was an outstanding increase of 379.26% in sales, highlighting Beam Global’s ability to generate substantial revenue growth.
Overall, these financial results are undoubtedly positive for Beam Global. The fact that the company exceeded expectations in both earnings and sales demonstrates its resilience and potential for future growth. This strong performance in the second quarter of 2023 sets a promising foundation for the company moving forward.
Updated on: 05/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
11:00 PM (UTC)
Date:05 December, 2023
|Analyst / firm||Rating|
BEEM Stock Analysis: Mixed Trading Day and Upcoming Financial Results
On August 14, 2023, BEEM stock opened at $9.25, slightly lower than the previous day’s closing price of $9.38. Throughout the day, the stock fluctuated within a range of $9.20 to $9.87. The trading volume for the day was relatively low, with only 12,985 shares traded.
BEEM, a company in the electrical products industry, has shown significant growth in its revenue over the past year, with a growth rate of 144.34%. However, its earnings performance has been less favorable, with a negative growth rate of -167.48% in the previous year. This year, the company has managed to turn things around, achieving a positive earnings growth rate of +30.81%.
The company’s market capitalization stands at $130.5 million, indicating its size in the market. However, it is essential to note that BEEM’s earnings growth in the next five years is not available, which might raise concerns among investors who prefer long-term stability and growth projections.
When looking at the valuation metrics, BEEM has a price-to-sales ratio of 7.87, indicating that investors are willing to pay $7.87 for every dollar of the company’s sales. Additionally, the price-to-book ratio stands at 4.11, suggesting that the stock is trading at a higher value compared to its book value.
One crucial aspect to consider is the company’s next reporting date, which is on August 15, 2023. Investors and analysts will be eagerly awaiting the financial results for the quarter, with an EPS forecast of -$0.36. This forecast indicates that the company is expected to report a loss for the quarter.
Looking at the company’s financials from the previous year, BEEM reported annual revenue of $22.0 million but incurred a net loss of -$19.7 million. This resulted in a net profit margin of -89.48%, indicating that the company’s expenses exceeded its revenues, leading to a negative profitability ratio.
BEEM operates in the producer manufacturing sector and is headquartered in San Diego, California. Unfortunately, no executives are currently displayed, making it challenging to assess the company’s leadership and management team.
In summary, BEEM stock had a mixed trading day on August 14, 2023, with the stock opening slightly lower than the previous day’s close. The company has shown strong revenue growth over the past year but has struggled with negative earnings growth. Investors will be closely monitoring the upcoming financial results, which are expected to show a loss for the quarter.
Beam Global (BEEM) Stock Analysis: Analysts Predict Significant Increase and Consensus to Buy
On August 14, 2023, Beam Global (BEEM) stock was being closely watched by investors and analysts alike. According to CNN Money, there were 7 analysts offering 12-month price forecasts for Beam Global. The median target price was $25.00, with a high estimate of $40.00 and a low estimate of $11.00. This median estimate represented a significant increase of +160.69% from the last price of $9.59. The consensus among 8 polled investment analysts was to buy the stock, and this rating had remained steady since June. The current quarter earnings per share for Beam Global were reported to be -$0.36, but sales for the same period were reported to be $13.1 million. Investors were eagerly awaiting the reporting date of August 15 for more detailed financial information. Overall, the data suggested that analysts were optimistic about Beam Global’s future performance, but investors should always conduct their own research before making any investment decisions.