Stem (STEM) Set to Announce Earnings on Thursday

Posted by Defense World Staff on Oct 26th, 2023

Stem (NYSE:STEM – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Stem to post earnings of ($0.18) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Stem (NYSE:STEM – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.33). Stem had a negative return on equity of 26.21% and a negative net margin of 22.92%. The firm had revenue of $92.95 million during the quarter, compared to analyst estimates of $94.19 million. 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

Shares of STEM opened at $3.17 on Thursday. Stem has a one year low of $3.16 and a one year high of $14.83. The company has a 50-day moving average of $4.49 and a two-hundred day moving average of $5.16. The stock has a market cap of $493.89 million, a price-to-earnings ratio of -3.17 and a beta of 2.13. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.99 and a quick ratio of 1.52.

Insider Activity

In other Stem news, CRO Alan Russo sold 13,427 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.50, for a total value of $87,275.50. Following the transaction, the executive now directly owns 139,594 shares in the company, valued at $907,361. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director David S. Buzby bought 62,000 shares of Stem stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $4.82 per share, for a total transaction of $298,840.00. Following the completion of the transaction, the director now owns 620,711 shares of the company’s stock, valued at $2,991,827.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Alan Russo sold 13,427 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $6.50, for a total transaction of $87,275.50. Following the transaction, the executive now owns 139,594 shares in the company, valued at $907,361. The disclosure for this sale can be found here. 9.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stem

A number of large investors have recently modified their holdings of STEM. Point72 Hong Kong Ltd acquired a new position in Stem in the first quarter valued at approximately $67,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Stem in the second quarter valued at approximately $53,000. Ensign Peak Advisors Inc bought a new stake in Stem in the third quarter valued at approximately $113,000. State of Wisconsin Investment Board bought a new stake in Stem in the second quarter valued at approximately $66,000. Finally, Bayesian Capital Management LP bought a new stake in Stem in the second quarter valued at approximately $68,000. 64.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on STEM. Morgan Stanley decreased their target price on shares of Stem from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Evercore ISI raised their price target on shares of Stem from $11.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Bank of America raised their price target on shares of Stem from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Thursday, July 20th. Piper Sandler decreased their price target on shares of Stem from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, October 6th. Finally, Barclays decreased their price target on shares of Stem from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.70.

View Our Latest Report on STEM

Stem Company Profile

(Get Free Report)

Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. The company offers energy storage systems sourced from original equipment manufacturers (OEMs). It also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.