BEEP Earnings Prediction
The chart below shows how BEEP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEEP sees a -1.12% change in stock price 10 days leading up to the earnings, and a +0.93% change 10 days following the report. On the earnings day itself, the stock moves by +2.56%. This data can give you a slight idea of what to expect for the next quarter's release.
BEEP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.76M
21.02%
5.31%
Gross Margin
40.89%
-11.82%
7.13%
Operating Margin
9.33%
104.16%
135.01%
Net Margin
-19.37%
-93.66%
-27.32%
EPS
-0.06
-96.61%
-0.00%
No Data Available
BEEP Earnings Analysis
Mobile Infrastructure Corporation Corporation (BEEP.A) Earnings Conference Call
Positive
Net Operating Income Increase: Net operating income (NOI) increased by 3.8% to bring year-to-date NOI growth to 9.5%.
Parking Asset Conversion Impact: Revenue growth of 21% reflects the year-to-date conversion of 29 of our 41 parking assets to managed contracts, as well as a modest contribution from organic growth.
Recurring Contract Parking Growth: We are pleased to see third quarter recurring contract parking volumes increase year-on-year for the second consecutive quarter, offsetting sluggish transient parking demand at hospitality event locations in our markets.
Adjusted EBITDA Increase: Adjusted EBITDA was $4.5 million, up 2.2% from $4.4 million last year and adjusted EBITDA margin was 46.2%.
Share Repurchase Program: We have repurchased about 250,000 shares at an average price of $3.16 per share.
Negative
Parking Asset Conversion Impact: Revenue growth of 21% reflects the year-to-date conversion of 29 of our 41 parking assets to managed contracts, as well as a modest contribution from organic growth.
Return to Office Trends: We are seeing early indications of return to office trends in our markets. This has been particularly notable in the health care, professional services, and food and beverage sectors building on the strength we have seen earlier this year from employees returning to in-person work at social services and municipal offices.
Business Recovery Outlook: We believe we are at an inflection point as COVID-related cancellations of corporate parking contracts, which have masked the success we have had in bringing on new business for much of 2024 are mostly behind us.
Refinancing Initiatives Update: We have several active initiatives underway on refinancing and expect to have more to report before year-end.
Debt Increase Analysis: Total debt outstanding was $203.3 million, up from $192.9 million at the end of 2023, reflecting cash used for the strategic shareholder actions I mentioned earlier.
BEEP FAQs
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BEEP Earning Call Sentiment
Mobile Infrastructure Corporation (BEEP) Q3 2024 Earnings Call Transcript
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00:00
00:00
BEEP.A
-1.02%Positive
The earnings call summary presents a mixed outlook. Financial performance shows growth in revenue and NOI, but concerns exist over rising debt and operational challenges. Positive aspects include a share repurchase program and potential in technology and ancillary revenue. The Q&A highlights market uncertainties, such as office space conversion and demand fluctuations. Overall, the sentiment is balanced, with no strong catalysts for a significant stock price movement, leading to a neutral prediction.