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

Stem

03/05/2024 24:38

* Stem Inc  STEM.N  reported a quarterly adjusted loss of 46
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -29
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 21 cents per share. Wall Street expected
results to range from -25 cents to -13 cents per share.
    * Revenue fell 62.2% to $25.47 million from a year ago;
analysts
expected $57.11 million. 
    * Stem Inc's reported EPS for the quarter was a loss of 46
cents​.
    * The company reported a quarterly loss of $72.31 million.
    * Stem Inc shares had fallen by 15.5% this quarter and
lost 52.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Stem Inc is
$4.00

This summary was machine generated from LSEG data May 2 at 11:37
p.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
 Mar. 31 2024      -0.21          -0.46          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