Stem Q3 EPS $(0.49) Misses $(0.18) Estimate, Sales $133.74M Miss $178.20M Estimate
Portfolio Pulse from totan@benzinga.com
Stem (NYSE:STEM) reported Q3 losses of $(0.49) per share, missing the analyst consensus estimate of $(0.18) by 172.22%. This is a 122.73% decrease over losses of $(0.22) per share from the same period last year. The company also reported quarterly sales of $133.74 million, missing the analyst consensus estimate of $178.20 million by 24.95%. However, this is a 34.41% increase over sales of $99.50 million the same period last year.
November 02, 2023 | 8:24 pm
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NEGATIVE IMPACT
Stem's Q3 earnings missed analyst estimates significantly, which could negatively impact the stock price in the short term.
Stem's Q3 earnings missed analyst estimates by a significant margin, which is typically seen as a negative signal by the market. This could lead to selling pressure and a decrease in the stock price in the short term. However, the YoY increase in sales might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100