Stem (NYSE:STEM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$29.3m (down 78% from 3Q 2023).
- Net loss: US$148.3m (loss widened by 92% from 3Q 2023).
- US$0.91 loss per share (further deteriorated from US$0.49 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stem Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 47%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are down 17% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Stem (2 can't be ignored!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:STEM
Stem
Operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide.
Moderate and fair value.
