ChargePoint Reports Better-Than-Expected Q1 Results: The Details
Portfolio Pulse from Erica Kollmann
ChargePoint Holdings, Inc. (NYSE:CHPT) reported better-than-expected Q1 results with a loss of 17 cents per share, beating the analyst estimate of 18 cents. Quarterly sales were $107 million, slightly above the $105.791 million estimate but down 17.71% year-over-year. The company sees Q2 revenue between $108 million and $118 million, below the $121.35 million consensus estimate.
June 05, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ChargePoint reported better-than-expected Q1 results with a loss of 17 cents per share, beating the analyst estimate of 18 cents. Quarterly sales were $107 million, slightly above the $105.791 million estimate but down 17.71% year-over-year. The company sees Q2 revenue between $108 million and $118 million, below the $121.35 million consensus estimate.
ChargePoint's better-than-expected Q1 results and slight beat on sales are positive, but the lower-than-expected Q2 revenue guidance may temper investor enthusiasm. The stock is likely to see a short-term positive impact due to the earnings beat, but gains may be limited by the cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100