Overview
EV charging solutions provider's fiscal Q4 revenue grew 7%, beating analyst expectations
Subscription revenue for fiscal Q4 rose 11% yr/yr
Outlook
ChargePoint expects Q1 fiscal 2027 revenue between $90 mln and $100 mln
Result Drivers
SUBSCRIPTION REVENUE - Subscription revenue grew 11% yr/yr, contributing to improved gross margins
Company press release: ID:nBw66r47Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $109.32 mln | $104.70 mln (8 Analysts) |
Q4 Net Income | -$44.4 mln | ||
Q4 Gross Margin | 31% | ||
Q4 Basic EPS | -$1.85 | ||
Q4 Gross Profit | $34.40 mln | ||
Q4 Pretax Profit | -$43.05 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for ChargePoint Holdings Inc is $9.50, about 46.8% above its March 3 closing price of $6.47
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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