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

Stem

05/05/2023 17:25

* Stem Inc  STEM.N  reported a quarterly adjusted loss of 29
cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for a loss
of 24 cents per share.
    * Revenue rose 64.1% to $67.41 million from a year ago;
analysts
expected $63.03 million. 
    * Stem Inc's reported EPS for the quarter was a loss of 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Stem Inc shares had fallen by 30.3% this quarter and
lost 55.8%
so far this year.
    * The company reported a quarterly loss of $44.78 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," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 04:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.18          -0.21          Missed