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

Stem

03/08/2023 22:02

* Stem Inc  STEM.N  reported a quarterly adjusted loss of 26
cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for a loss
of 17 cents per share.
    * Revenue rose 38.8% to $92.95 million from a year ago;
analysts
expected $92.02 million. 
    * Stem Inc's reported EPS for the quarter was a loss of 26
cents​.
    * The mean earnings estimate of analysts had risen by
about 23.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Stem Inc shares had risen by 14.3% this quarter and
lost 26.8%
so far this year.
    * The company reported a quarterly loss of $40.01 million.
    * Wall Street's median 12-month price target for Stem Inc is
$10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.17          -0.26          Missed
 Mar. 31 2023      -0.24          -0.29          Missed
 Dec. 31 2022      -0.20          -0.23          Missed
 Sep. 30 2022      -0.17          -0.22          Missed