$8.57 Million in Sales Expected for EVgo, Inc. (NYSE:EVGO) This Quarter

Wall Street brokerages predict that EVgo, Inc. (NYSE:EVGOGet Rating) will announce sales of $8.57 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for EVgo’s earnings. The lowest sales estimate is $7.55 million and the highest is $10.00 million. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that EVgo will report full-year sales of $50.45 million for the current fiscal year, with estimates ranging from $47.65 million to $54.00 million. For the next financial year, analysts expect that the company will post sales of $136.36 million, with estimates ranging from $120.54 million to $166.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover EVgo.

EVgo (NYSE:EVGOGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $7.12 million during the quarter, compared to analyst estimates of $5.90 million.

EVGO has been the topic of several recent analyst reports. Tudor Pickering initiated coverage on EVgo in a research note on Thursday, April 21st. They issued a “buy” rating and a $16.00 price target on the stock. Cantor Fitzgerald initiated coverage on EVgo in a research note on Thursday, April 28th. They issued an “overweight” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on EVgo from $20.00 to $14.00 in a research note on Friday, January 28th. Tudor, Pickering, Holt & Co. assumed coverage on EVgo in a report on Thursday, April 21st. They set a “buy” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research downgraded EVgo from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, EVgo presently has an average rating of “Hold” and an average price target of $15.40.

Hedge funds and other institutional investors have recently modified their holdings of the company. Addison Advisors LLC lifted its position in shares of EVgo by 400.0% during the 4th quarter. Addison Advisors LLC now owns 2,500 shares of the company’s stock valued at $25,000 after buying an additional 2,000 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of EVgo by 1,064.3% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 3,493 shares of the company’s stock valued at $35,000 after acquiring an additional 3,193 shares in the last quarter. US Bancorp DE purchased a new stake in shares of EVgo in the 3rd quarter valued at about $29,000. Rockefeller Capital Management L.P. purchased a new stake in shares of EVgo in the 3rd quarter valued at about $28,000. Finally, BerganKDV Wealth Management LLC purchased a new stake in shares of EVgo in the 3rd quarter valued at about $33,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

EVGO traded down $0.28 during trading on Tuesday, hitting $7.68. The company’s stock had a trading volume of 3,094,313 shares, compared to its average volume of 3,032,824. EVgo has a twelve month low of $7.00 and a twelve month high of $19.59. The stock’s fifty day moving average price is $11.30 and its 200-day moving average price is $10.86.

About EVgo (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network 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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