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

Stem

02/11/2023 22:27

* Stem Inc  STEM.N  reported a quarterly adjusted loss of 49
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 18 cents per share. Wall Street expected
results to range from -23 cents to -11 cents per share.
    * Revenue rose 34.4% to $133.74 million from a year ago;
analysts
expected $178.49 million. 
    * Stem Inc's reported EPS for the quarter was a loss of 49
cents​.
    * The company reported a quarterly loss of $77.07 million.
    * Stem Inc shares had fallen by 21.9% this quarter and
lost 63.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Stem Inc is $7.00
This summary was machine generated from LSEG data November 2 at
10:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.20          -0.23          Missed