ChargePoint Results Fall Short. Guidance Is Saving the Stock

Barron's2022-12-02

Shares of EV charging company ChargePoint have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1124886722?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-02 10:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1124886722","market":"us","top_or_hot":-1,"title":"ChargePoint Results Fall Short. Guidance Is Saving the Stock","media":"Barron's","content":"<div>\n<p>Shares of EV charging company ChargePoint have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that...</p>\n\n<a href=\"https://www.barrons.com/articles/chargepoint-earnings-stock-51669924675?mod=hp_LATEST\">Source Link</a>\n\n</div>\n","source":"lsy1610680873436","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ChargePoint Results Fall Short. Guidance Is Saving the Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChargePoint Results Fall Short. Guidance Is Saving the Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/chargepoint-earnings-stock-51669924675?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of EV charging company ChargePoint have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that...</p>\n\n<a href=\"https://www.barrons.com/articles/chargepoint-earnings-stock-51669924675?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHPT","symbol_name":"ChargePoint Holdings Inc.","start_time":0,"source_url":"https://www.barrons.com/articles/chargepoint-earnings-stock-51669924675?mod=hp_LATEST","article_id":"1124886722","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124886722","pubTimestamp":1669948410,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Shares of EV charging company ChargePoint have been caught in the sell off that’s hammered small-cap","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHPT":"ChargePoint Holdings Inc."},"translate_title":"收费点结果不理想。指导是拯救股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHPT":0.9},"content_text":"Shares of EV charging company ChargePoint have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that third-quarter earnings could turn sentiment around, but some concerns linger.ChargePoint (ticker: CHPT), on Thursday afternoon, reported a per-share loss of 25 cents from $125 million in sales. Wall Street was looking for a loss of 20 cents per share on sales of $132.3 million.It’s an earnings miss, but sales matter more. ChargePoint is still in growth mode. Third-quarter sales in 2021 amounted to about $65 million. More EVs are being sold in the U.S., and American charging infrastructure is trying to keep up.Company guidance called for third-quarter sales in 2022 of about $125 million to $135 million, so things came in at the low end of the company’s expected range.Prior full year sales guidance was $450 million to $500 million. New guidance is $475 million to $480 million. The midpoint of guidance is a little higher and implies $160 million to $170 million in fourth-quarter sales. Wall Street currently projects Q4 sales of $161 million.Sales and sales guidance look close to what the Street and investors expected. Shares are holding their own in after hours trading down 2%.Wall Street also expects the company to use about $200 million in cash over the coming 12 months. The company ended the third quarter with about $400 million in cash on its balance sheet.Coming into earnings, ChargePoint stock is down about 21% over the past three months. Shares have lost about 36% so far in 2022.Small stocks that don’t generate earnings are struggling as U.S. interest rates rise. The Next Gen SPAC Derived ETF, which held hundreds of stocks in small start-up companies, was down more than 30% year to date before it liquidated at the end of August.Options markets imply that shares will move about 11%, up or down, following earnings. The stock has moved an average of about 6%, up or down, after the past four quarterly reports. Shares have risen twice and fallen twice over that span.ChargePoint stock closed down 1.9% in Thursday trading at $12.19 a share. TheS&P 500 and Dow Jones Industrial Average dropped 0.1% and 0.6%, respectively.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":65,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1124886722"}