Stem Inc reports results for the quarter ended December 31 - Earnings Summary

• Stem Inc STEM.N reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -24 cents. The mean expectation of nine analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -23 cents to -12 cents per share.

• Revenue fell 66.7% to $55.83 million from a year ago; analysts expected $47.88 million.

• Stem Inc's reported EPS for the quarter was a loss of 30 cents​.

• The company reported a quarterly loss of $51.14 million.

• Stem Inc shares had fallen by 33.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"

Wall Street's median 12-month price target for Stem Inc is $0.60

This summary was machine generated from LSEG data March 5 at 01:59 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)