ChargePoint Earnings: Expectations and Performance

ChargePoint faces earnings report this Thursday, following a challenging quarter with missed revenue guidance and shortfalls in earnings. Last quarter, revenues dropped by 9.2% to $98.59 million, though they slightly exceeded analyst expectations. Analysts predict a 3.7% year-over-year revenue decline for this quarter, with an expected adjusted loss of $1.31 per share. In contrast, other renewable energy companies like Bloom Energy and EnerSys have shown stronger performance. ChargePoints shares have fallen sharply, down 24.6% over the past month, but analysts project a higher average price target of $11.69.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.