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

• Stem Inc STEM.N reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of six analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -22 cents to -12 cents per share.

• Revenue rose 27.7% to $32.51 million from a year ago; analysts expected $28.87 million.

• Stem Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $25 million.

• Stem Inc shares had risen by 19.6% this quarter and lost 30.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.8% 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 no "strong buy" or "buy," 7 "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 $0.40

This summary was machine generated from LSEG data April 29 at 09:06 p.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)