Zacks: Analysts Expect EVgo Inc. (NYSE:EVGO) to Post -$0.08 EPS

Wall Street analysts predict that EVgo Inc. (NYSE:EVGO) will announce earnings per share of ($0.08) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for EVgo’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.09). The firm is expected to report its next earnings results on Wednesday, February 9th.

On average, analysts expect that EVgo will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.70) to ($0.27). For the next fiscal year, analysts expect that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.29) to ($0.25). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow EVgo.

Several equities research analysts recently weighed in on the stock. Citigroup began coverage on shares of EVgo in a report on Wednesday, September 15th. They issued a “neutral” rating and a $10.00 price objective for the company. Credit Suisse Group lowered shares of EVgo from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $11.00 to $17.00 in a research note on Monday, November 15th. Zacks Investment Research raised shares of EVgo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 17th. Capital One Financial began coverage on EVgo in a report on Tuesday. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Bank of America downgraded EVgo from a “neutral” rating to an “underperform” rating in a report on Monday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, EVgo presently has an average rating of “Hold” and a consensus target price of $16.20.

NYSE:EVGO traded down $0.10 during trading hours on Thursday, reaching $13.57. 2,604,711 shares of the stock were exchanged, compared to its average volume of 3,488,580. EVgo has a 52 week low of $7.17 and a 52 week high of $24.34. The company has a quick ratio of 13.37, a current ratio of 13.37 and a debt-to-equity ratio of 52.82. The company’s 50 day moving average is $10.23.

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in EVgo in the third quarter worth about $221,000. Cetera Investment Advisers acquired a new position in EVgo in the third quarter worth about $122,000. National Asset Management Inc. acquired a new position in EVgo in the third quarter worth about $174,000. Squarepoint Ops LLC bought a new stake in EVgo during the third quarter worth about $431,000. Finally, Toroso Investments LLC bought a new stake in EVgo during the third quarter worth about $1,212,000. 6.19% of the stock is owned by hedge funds and other institutional investors.

EVgo Company Profile

EVgo Inc operates a fast charging network for electric vehicles in the United States. It owns and operates approximately 800 fast charging locations in 65 metropolitan areas across 34 states. The company was founded in 2010 and is based in Los Angeles, California.

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