Stem Q1 2024 GAAP EPS $(0.46) Misses $(0.20) Estimate, Sales $25.469M Miss $57.111M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stem Inc. (STEM) reported Q1 2024 earnings with a GAAP EPS of $(0.46), missing the $(0.20) estimate, and sales of $25.469M, falling short of the $57.111M estimate. This represents a significant decrease in performance compared to the same period last year.
May 02, 2024 | 8:51 pm
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NEGATIVE IMPACT
Stem Inc. reported a significant miss in both EPS and sales for Q1 2024, with a 130% miss on EPS estimates and a 55.40% miss on sales estimates compared to analyst expectations.
The significant miss in both EPS and sales for Stem Inc. in Q1 2024 compared to analyst estimates indicates a substantial underperformance by the company. This underperformance, especially being a 130% miss on EPS and a 55.40% miss on sales estimates, is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. The comparison to last year's performance, showing a 58.62% decrease in EPS and a 62.21% decrease in sales, further emphasizes the company's current struggles.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100