Stem (STEM) Set to Announce Earnings on Wednesday

Stem (NYSE:STEM) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

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

Stem Price Performance

Shares of NYSE:STEM opened at $0.53 on Wednesday. The company has a market capitalization of $84.92 million, a PE ratio of -0.36 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 stock has a fifty day moving average of $0.49 and a 200-day moving average of $1.03. Stem has a one year low of $0.30 and a one year high of $4.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STEM. Evercore ISI reduced their target price on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Susquehanna upped their price objective on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4.00 to $1.00 in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their price target on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Barclays decreased their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.09.

About Stem

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.