Stem Q2 2024 Adj. EPS $(0.22) Beats $(0.23) Estimate, Sales $33.999M Miss $64.946M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stem (NYSE:STEM) reported Q2 2024 adjusted EPS of $(0.22), beating the estimate of $(0.23). However, sales were $33.999M, missing the $64.946M estimate and showing a 63.42% decrease from the same period last year.
August 06, 2024 | 8:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Stem's Q2 2024 adjusted EPS of $(0.22) beat estimates, but sales of $33.999M missed expectations by 47.65% and decreased 63.42% YoY.
While the EPS beat expectations, the significant miss in sales and the large year-over-year decrease in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100