Wallbox (NYSE:WBX) Announces Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Wallbox (NYSE:WBX) announced its quarterly earnings data on Friday. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.81) by ($0.09), FiscalAI reports. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%. The business had revenue of $27.30 million during the quarter, compared to the consensus estimate of $41.49 million.

Wallbox Stock Up 0.5%

NYSE:WBX traded up $0.02 during trading hours on Friday, hitting $3.23. The stock had a trading volume of 14,365 shares, compared to its average volume of 84,162. Wallbox has a one year low of $2.30 and a one year high of $7.83. The business’s 50 day moving average is $3.75 and its 200-day moving average is $3.20.

Wall Street Analyst Weigh In

WBX has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and set a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday, June 30th. Barclays reaffirmed an “overweight” rating and set a $4.00 price objective on shares of Wallbox in a research note on Wednesday. Finally, Weiss Ratings upgraded Wallbox from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.33.

Insider Activity

In other news, CEO Enric Asuncion Escorsa acquired 325,885 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $2.72 per share, for a total transaction of $886,407.20. Following the transaction, the chief executive officer directly owned 1,218,952 shares in the company, valued at approximately $3,315,549.44. This represents a 36.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pedro Alonso Aguera acquired 501,361 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director directly owned 1,394,705 shares in the company, valued at $3,793,597.60. This trade represents a 56.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 1,829,968 shares of company stock valued at $4,977,513. 33.33% of the stock is currently owned by company insiders.

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.