ChargePoint Holdings Inc reports results for the quarter ended in July 31 - Earnings Summary

ChargePoint Holdings

04/09/2024 22:02

* ChargePoint Holdings Inc  CHPT.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended July 31,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
sixteen analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -12 cents
to -7 cents per share.
    * Revenue fell 27.9% to $108.54 million from a year ago;
analysts
expected $113.60 million. 
    * ChargePoint Holdings Inc's reported EPS for the quarter
was a
loss of 16 cents​.
    * The company reported a quarterly loss of $68.87 million.
    * ChargePoint Holdings Inc shares had risen by 12.6% this
quarter and lost 27.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 14
"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 September 4 at
09:01 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
 Jul. 31 2024      -0.10          -0.10          Met
 Apr. 30 2024      -0.13          -0.10          Beat
 Jan. 31 2024      -0.13          -0.12          Beat
 Oct. 31 2023      -0.22          -0.28          Missed