ChargePoint Holdings Inc reports results for the quarter ended in April - Earnings Summary

ChargePoint Holdings

05/06/2024 22:21

* ChargePoint Holdings Inc  CHPT.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of -15 cents.  The mean expectation of
fourteen analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -14 cents
to -12 cents per share.
    * Revenue fell 17.7% to $107.04 million from a year ago;
analysts
expected $105.79 million. 
    * ChargePoint Holdings Inc's reported EPS for the quarter
was a
loss of 17 cents​.
    * The company reported a quarterly loss of $71.8 million.
    * ChargePoint Holdings Inc shares had fallen by 11.6% this
quarter and lost 28.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 13
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for ChargePoint
Holdings Inc is $3.00 
This summary was machine generated from LSEG data June 5 at
09:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.13          -0.10          Beat
 Jan. 31 2024      -0.13          -0.12          Beat
 Oct. 31 2023      -0.22          -0.28          Missed
 Jul. 31 2023      -0.16          -0.24          Missed