Preview: ChargePoint Hldgs's Earnings
Portfolio Pulse from Benzinga Insights
ChargePoint Holdings (NYSE:CHPT) is scheduled to release its quarterly earnings report on March 5, 2024, with an estimated EPS of $-0.13. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Despite past earnings misses, the stock price has shown volatility post-earnings announcements. Currently, CHPT shares are trading at $2.08, marking a 79.45% decline over the last year, indicating long-term shareholder dissatisfaction.
March 04, 2024 | 2:01 pm
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NEUTRAL IMPACT
ChargePoint Holdings is expected to report an EPS of $-0.13 for the upcoming quarter. Past performance shows stock price volatility post-earnings, with a significant yearly decline of 79.45%.
ChargePoint's upcoming earnings report is crucial given its past performance and the significant decline in stock price over the last year. While the EPS estimate sets a low bar, the company's ability to exceed this estimate and provide positive future guidance could influence short-term stock movement. However, given the historical volatility and overall negative trend, the impact is assessed as neutral until the actual results and guidance are disclosed.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100