Stem Inc reports results for the quarter ended in December - Earnings Summary

Stem

29/02/2024 24:06

* Stem Inc  STEM.N  reported a quarterly adjusted loss of 24
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -23
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -23 cents to -1 cents per share.
    * Revenue rose 7.7% to $167.42 million from a year ago;
analysts
expected $258.43 million. 
    * Stem Inc's reported EPS for the quarter was a loss of 24
cents​.
    * The company reported a quarterly loss of $37.69 million.
    * Stem Inc shares had fallen by 34.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 7 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "hold"

Wall Street's median 12-month price target for Stem Inc is $5.25
This summary was machine generated from LSEG data February 29 at
12:05 a.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
 Dec. 31 2023      -0.14          -0.24          Missed
 Sep. 30 2023      -0.18          -0.49          Missed
 Jun. 30 2023      -0.17          -0.26          Missed
 Mar. 31 2023      -0.24          -0.29          Missed