Stem Q1 EPS $(0.46) Misses $(0.21) Estimate, Sales $25.47M Miss $57.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stem Inc. (STEM) reported Q1 earnings with a loss of $(0.46) per share, missing the $(0.21) estimate, and sales of $25.47M, falling short of the $57.11M estimate. This represents a significant decrease from the previous year's performance.
May 02, 2024 | 8:50 pm
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NEGATIVE IMPACT
Stem Inc. reported a significant miss in both EPS and sales for Q1, with a 119.05% miss in EPS estimates and a 55.40% miss in sales estimates compared to analyst expectations.
The significant miss in both earnings per share and sales compared to analyst estimates suggests a negative short-term impact on Stem Inc.'s stock price. The magnitude of the miss, especially being over 100% for EPS, indicates underlying issues that could concern investors, leading to potential sell-off or bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100