Wallbox (NYSE:WBX) Issues Earnings Results

Wallbox (NYSE:WBX) posted its earnings results on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.50, reports. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.The firm had revenue of $34.38 million for the quarter, compared to analysts’ expectations of $40.64 million.

Wallbox Trading Down 6.7%

Shares of NYSE:WBX opened at $3.56 on Thursday. Wallbox has a 1 year low of $2.30 and a 1 year high of $7.83. The firm’s 50-day moving average is $3.09 and its two-hundred day moving average is $2.96.

Wall Street Analysts Forecast Growth

Separately, UBS Group reiterated a “neutral” rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.33.

About Wallbox

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.