* Stem Inc 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
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