Stem Q2 EPS $(0.26) Misses $(0.17) Estimate, Sales $92.95M Beat $92.02M Estimate
Portfolio Pulse from saritha@benzinga.com
Stem (NYSE:STEM) reported Q2 losses of $(0.26) per share, missing the analyst consensus estimate of $(0.17) by 52.94%. This is a 23.81% decrease from the same period last year. However, the company's quarterly sales of $92.95M beat the estimate of $92.02M by 1.01%, marking a 38.84% increase from last year.
August 04, 2023 | 2:38 pm
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Stem's Q2 earnings per share missed estimates by 52.94%, but sales beat estimates by 1.01% and increased 38.84% YoY.
Stem's Q2 earnings per share missed estimates significantly, which could negatively impact the stock price. However, the company's sales beat estimates and showed a significant YoY increase, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100