Overview
EV charging solutions provider's fiscal Q4 revenue grew 7%, beating analyst expectations
Subscription revenue for fiscal Q4 rose 11% yr/yr
Outlook
ChargePoint expects Q1 fiscal 2027 revenue between $90 mln and $100 mln
Result Drivers
SUBSCRIPTION REVENUE - Subscription revenue grew 11% yr/yr, contributing to improved gross margins
Company press release: ID:nBw66r47Wa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$109.32 mln
$104.70 mln (8 Analysts)
Q4 Net Income
-$44.4 mln
Q4 Gross Margin
31%
Q4 Basic EPS
-$1.85
Q4 Gross Profit
$34.40 mln
Q4 Pretax Profit
-$43.05 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for ChargePoint Holdings Inc is $9.50, about 46.8% above its March 3 closing price of $6.47
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)