Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Wallbox (WBX)
NYSE:WBX
Holding WBX?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 11, 2022
|% Change Since: -40.82%
|Next Earnings Date:Mar 16, 2022
Earnings Call Sentiment|Neutral
Wallbox demonstrated revenue growth and strong performance in North America, along with strategic cost reductions and organizational improvements. However, challenges in the European market, significant inventory provisions, and one-off charges negatively impacted profitability. Despite these issues, the company's strategic initiatives and market expansion efforts suggest a potential for future recovery.Company Guidance
During Wallbox's Q3 2024 earnings call, the company provided guidance for the upcoming fourth quarter, projecting revenue in the range of EUR 40 million to EUR 45 million, which translates to a year-over-year growth rate of approximately 23% to 38%. They anticipated a gross margin of 38% to 40%, signifying a recovery from the Q3 margin dip caused by a one-off inventory provision. Wallbox also expects a negative adjusted EBITDA between EUR 7 million and EUR 10 million, reflecting significant improvements in cost management and operational efficiency. Despite current market volatility, particularly in Europe, Wallbox remains focused on profitability and cash generation, leveraging strategic partnerships and optimizing their business structure to align with demand.Revenue Growth
Year-to-date revenue reached EUR 126 million, reflecting a 26% growth compared to the same time frame last year. Q3 revenue was EUR 34.7 million, up 7% year-over-year.
North America Market Performance
North America showed strong progress with 45% year-over-year growth, contributing EUR 9.7 million or 28% of total revenue.
Cost Reductions
Reduced labor costs and OpEx by 14% and CapEx spending by 48% year-to-date. Q3 labor costs and OpEx were down 2% year-on-year.
Strategic Initiatives
Implemented a business unit-driven organizational structure to improve focus and profitability. Strategic partnerships and new product introductions are expected to expand market presence.
---
WBX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
WBX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $0.98 | $0.96 | -2.04% |
| Aug 01, 2024 | $1.63 | $1.46 | -10.43% |
| May 09, 2024 | $1.49 | $1.50 | +0.67% |
| Feb 28, 2024 | $1.59 | $1.51 | -5.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Wallbox (WBX) report earnings?
Wallbox (WBX) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Wallbox (WBX) earnings time?
Wallbox (WBX) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WBX EPS forecast?
WBX EPS forecast for the fiscal quarter 2024 (Q4) is -0.11.
---