Stem (STEM) to Release Earnings on Wednesday

Stem (NYSE:STEM) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Stem (NYSE:STEM) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The business had revenue of $34.00 million for the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative return on equity of 63.98% and a negative net margin of 213.33%. The company’s revenue was down 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.56) EPS. On average, analysts expect Stem to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stem Stock Performance

NYSE STEM opened at $0.57 on Tuesday. The company has a market cap of $93.50 million, a P/E ratio of -0.12 and a beta of 1.68. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.51 and a current ratio of 1.66. The business’s 50 day moving average price is $0.49 and its 200-day moving average price is $0.98. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $4.30.

Analyst Upgrades and Downgrades

STEM has been the topic of several analyst reports. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and cut their target price for the company from $4.00 to $1.00 in a research report on Wednesday, August 7th. Evercore ISI cut their target price on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their target price on Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. UBS Group cut their target price on Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays cut their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.09.

Stem Company Profile

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.