Earnings Preview: ChargePoint Hldgs
Portfolio Pulse from Benzinga Insights
ChargePoint Holdings (NYSE:CHPT) is scheduled to release its quarterly earnings report on December 6, 2023. Analysts predict an EPS of $-0.22. Investors are looking for an earnings beat and positive guidance for the next quarter. ChargePoint's stock price historically reacts to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.09, resulting in a 10.91% share price drop the following day. Over the past year, CHPT shares have declined by 80.75%, trading at $2.09 as of December 4.
December 05, 2023 | 2:01 pm
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NEGATIVE IMPACT
ChargePoint Holdings is anticipated to report an EPS of $-0.22 for the upcoming quarter. Historical data shows significant stock price movement post-earnings, with a 10.91% drop after last quarter's miss. Shares are currently down 80.75% from the 52-week high.
Given the historical performance where ChargePoint's stock price dropped significantly after missing EPS estimates, and considering the current downward trend of the stock over the past year, it is likely that any negative earnings report or guidance could lead to a further decline in the short term. The importance is high as earnings reports are critical moments for investors to assess company performance. The confidence level is not at 100 due to market unpredictability and potential external factors that could influence stock movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100