Stem (NYSE:STEM) Issues Earnings Results, Beats Expectations By $0.04 EPS

Stem (NYSE:STEM - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04, Zacks reports. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate of $47.89 million. During the same period last year, the firm posted ($0.21) EPS. Stem updated its FY 2025 guidance to EPS.

Stem Trading Up 0.7 %

Shares of NYSE:STEM traded up $0.00 during midday trading on Friday, hitting $0.44. The stock had a trading volume of 3,664,340 shares, compared to its average volume of 13,179,270. The company has a market capitalization of $72.10 million, a PE ratio of -0.09 and a beta of 1.49. Stem has a 1 year low of $0.30 and a 1 year high of $2.28. The stock has a 50 day moving average price of $0.65 and a two-hundred day moving average price of $0.51.

Wall Street Analysts Forecast Growth

STEM has been the topic of several research reports. BMO Capital Markets lowered their price objective on shares of Stem from $0.50 to $0.40 and set a "market perform" rating on the stock in a research report on Wednesday. Piper Sandler lowered their price objective on shares of Stem from $1.50 to $0.30 and set a "neutral" rating on the stock in a research report on Friday, November 22nd. Roth Mkm raised their price objective on shares of Stem from $0.35 to $0.40 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, UBS Group lifted their target price on shares of Stem from $0.60 to $0.65 and gave the company a "buy" rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1.11.

Remove Ads

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.