Stem Q4 2023 GAAP EPS $(0.24) Misses $(0.15) Estimate, Sales $167.40M Miss $258.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stem Inc. (STEM) reported Q4 2023 GAAP EPS of $(0.24), missing the $(0.15) estimate, with sales of $167.40M also missing the $258.43M estimate. This represents a 7.69% increase in sales compared to the same period last year.
February 28, 2024 | 9:44 pm
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Stem Inc. reported a significant miss in both EPS and sales for Q4 2023, with EPS at $(0.24) against a $(0.15) estimate and sales of $167.40M against a $258.43M estimate.
The significant miss in both EPS and sales estimates for Stem Inc. is likely to negatively impact investor sentiment and the stock price in the short term. Missing earnings estimates by 60% and sales estimates by over 35% indicates operational challenges that could concern investors, leading to a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100