Stem (STEM) to Release Quarterly Earnings on Tuesday

Stem (NYSE:STEM) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Stem (NYSE:STEM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The firm had revenue of $25.50 million during the quarter, compared to the consensus estimate of $66.67 million. Stem had a negative net margin of 40.03% and a negative return on equity of 36.20%. The firm’s quarterly revenue was down 61.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.29) earnings per share. 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

STEM remained flat at $1.19 during mid-day trading on Tuesday. The company’s stock had a trading volume of 786,546 shares, compared to its average volume of 4,453,022. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.61 and a current ratio of 1.71. The stock has a 50 day moving average price of $1.24 and a two-hundred day moving average price of $1.90. Stem has a 52-week low of $0.99 and a 52-week high of $7.79.

Insider Activity

In other news, CEO John Eugene Carrington sold 194,171 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $1.85, for a total value of $359,216.35. Following the completion of the transaction, the chief executive officer now owns 506,585 shares in the company, valued at approximately $937,182.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

STEM has been the topic of a number of recent research reports. BMO Capital Markets reduced their price target on Stem from $2.50 to $1.85 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. The Goldman Sachs Group reduced their price target on Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Piper Sandler reduced their price target on Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Susquehanna reduced their price target on Stem from $2.50 to $2.00 and set a “positive” rating on the stock in a research report on Monday, July 15th. Finally, UBS Group reduced their price target on Stem from $5.00 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and four 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 target price of $3.82.

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.