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

ChargePoint Holdings

04/12/2024 22:01

* ChargePoint Holdings Inc  CHPT.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended October 31,
higher than the same quarter last year, when the company
reported EPS of -28 cents.  The mean expectation of
seventeen analysts for the quarter was for a loss of 10 cents
per share. Wall Street expected results to range from -12 cents
to -6 cents per share.
    * Revenue fell 9.7% to $99.61 million from a year ago;
analysts
expected $89.84 million. 
    * ChargePoint Holdings Inc's reported EPS for the quarter
was a
loss of 18 cents​.
    * The company reported a quarterly loss of $77.59 million.
    * ChargePoint Holdings Inc shares had fallen by 15.3% this
quarter and lost 50.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 13
"hold" and 2 "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 $2.13 
This summary was machine generated from LSEG data December 4 at
10:00 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
 Oct. 31 2024      -0.10          -0.10          Met
 Jul. 31 2024      -0.10          -0.10          Met
 Apr. 30 2024      -0.13          -0.10          Beat
 Jan. 31 2024      -0.13          -0.12          Beat