This article provides insights into the upcoming earnings reports for two vastly different companies: EVgo, a leading fast-charging network operator in the US, and Manchester United, a legendary English football club.
EVgo is expected to report a loss per share of $0.19 for Q4 2022. However, the revenue is expected to be $20.16 million, a significant increase of 92% sequentially and 183% YoY. This is no surprise, as the demand for electric vehicles continues to rise, and EVG is well-positioned to benefit from this trend. The company has a vast network of more than 1,300 fast-charging stations across the US, and it is aggressively expanding its footprint to meet the growing demand for EV charging infrastructure.
EVgo’s recent performance has been quite impressive. In Q3 2022, the company reported a revenue of $10.48 million, up 67% sequentially and 160% YoY. The company’s net loss for the quarter was $17.8 million, compared to a net loss of $33.5 million in the prior year’s quarter.
Analysts have a bullish outlook on EVgo, with a consensus rating of “buy” and an average price target of $13.67, representing a potential upside of 67% from the current price.
Moving on to Manchester United, the club is expected to post EPS of $0.03 per share for Q2 2023, significantly improving from the loss per share of $0.07 in the prior quarter. However, the revenue is expected to be $172.04 million, up 7.2% sequentially but down 31.4% YoY. The decline in revenue can be attributed to the impact of the COVID-19 pandemic on the sports industry, which has affected ticket sales and matchday revenue.
Manchester United’s recent performance has been mixed. The club reported revenue of £281.8 million ($379.4 million) for the year ending June 30, 2021, down 7% from the prior year. However, the club’s net profit for the year was £4.2 million ($5.7 million), compared to a net loss of £23.2 million ($31.3 million) in the prior year.
Analysts have a mixed outlook on Manchester United, with a consensus rating of “Hold” and an average price target of $18.38, representing a potential upside of 16% from the current price.
In conclusion, EVgo and Manchester United are very different companies operating in vastly different industries. EVgo is expected to benefit from the growing demand for electric vehicles and the need for EV charging infrastructure, while Manchester United is dealing with the impact of the pandemic on the sports industry. Analysts have a bullish outlook on EVgo, while the view for Manchester United is mixed. It will be interesting to see how both companies perform in the coming quarters.
As the world continues to grapple with the impact of the pandemic, many industries have been affected in different ways. EVgo and Manchester United are no exception, with both companies facing unique challenges in their respective industries.
EVgo, with its extensive network of fast-charging stations, is well-positioned to capitalize on the growing demand for electric vehicles. The company has been expanding rapidly, adding new stations to its network and partnering with automakers to provide charging solutions to their customers. In addition, the recent infrastructure bill passed by the US government is expected to gisignificantly boost the EV industry, with funding allocated for the expansion of charging infrastructure.
On the other hand, Manchester United has been grappling with the impact of the pandemic on the sports industry. With fans unable to attend matches for a significant part of the last two seasons, the club has faced a substantial decline in matchday revenue. However, the club has proactively adapted to the changing environment, launching new digital initiatives and expanding its global reach.
Despite the challenges both companies face, analysts remain optimistic about their prospects. EVgo’s position as a leading player in the EV charging industry has earned it favorable ratings from analysts, with a consensus rating of “buy.” Manchester United’s global brand recognition and loyal fan base have also made it a “hold” rating from analysts, with many predicting a gradual recovery in revenue as the pandemic situation improves.
In conclusion, the upcoming earnings reports for EVgo and Manchester United will be closely watched by investors and analysts alike. While both companies face unique challenges in their respective industries, their strong market positions and proactive approach to the changing environment bode well for their long-term prospects. As the world continues to evolve, it will be interesting to see how these companies adapt and thrive in the years to come.
