Stem Inc expected to post a loss of 21 cents a share - Earnings Preview

Stem

30/04/2024 22:15

* Stem Inc  STEM.N   STEM.K  is expected to show a fall in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The San Francisco California-based  company is expected to
report a 15.3% decrease in revenue to $57.111 million from
$67.41 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Stem Inc is for a loss
of 21
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Stem Inc is
$4.00​, above​ its last closing price of $1.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.14       -0.14      -0.24     Missed  -68.7
 Sep. 30 2023  -0.18       -0.18      -0.49     Missed  -171
 Jun. 30 2023  -0.19       -0.17      -0.26     Missed  -52.9​
 Mar. 31 2023  -0.24       -0.24      -0.29     Missed  -23.1
 ​​Dec.        -0.21       -0.20      -0.23     Missed  -15.4
 31 2022                                                
 Sep. 30 2022  -0.18       -0.17      -0.22     Missed  -28.7​
 Jun. 30 2022  -0.18       -0.18      -0.21     Missed  -14.8
 Mar. 31 2022  -0.08       -0.15      -0.06     Beat    61.2
 This summary was machine generated April 30 at 21:15 GMT.  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)