Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Stem Inc Income Statement Revenue, 362.98, 127.371, 0 Balance Sheet Total Assets, 1421.893, 1191.83, 385.28608 Cash Flow Cash from Operating Activities,.
#STEM INC REVENUE PLUS#
In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 39% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is -$0.17 on $109.71 million in revenues for the coming quarter and -$0.65 on $670.51 million in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to underperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. Financial Highlights Record revenues of 39.8 million, up from 9. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Stem, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Shareholders pay no fees or expenses.There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. If you choose to take no action, you can remain an absent class member.Īll representation is on a contingency fee basis. You do not have to participate in the case to be eligible for a recovery. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Shareholders who want to act as lead plaintiff for the class must file their papers by July 11, 2023. Record revenues of 39.8 million, up from 9.2 million (+334) in the same quarter last year Record Gross Margin (GAAP) of 8 versus (19) in the same quarter last year Non-GAAP Gross Margin of. What Now: Similarly situated shareholders may be eligible to participate in the class action against Stem, Inc. On this news, Stem’s stock price fell $1.44 per share, or 14.78%, to close at $8.30 per share on February 17, 2023-a 69.32% decline from the Company’s first post-merger closing stock price of $27.05 per share on April 29, 2021. Then, on February 16, 2023, Stem reported disappointing 4Q 2022 results and 2023 guidance.
#STEM INC REVENUE SOFTWARE#
On January 11, 2023, Blue Orca Capital issued a report alleging various undisclosed issues with Stem’s business and financial prospects, including, among other things, that the Company had overstated its software revenues by falsely claiming that 100% of its services revenue line was attributable to software revenues. and internationally.Īccording to the complaint, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (i) Legacy Stem suffered from material weaknesses in internal control over financial reporting related to accounting for deferred cost of goods sold and inventory, certain revenue recognition calculations, and internal-use capitalized software calculations (ii) the Company had overstated Legacy Stem’s and its own post-merger business and financial prospects (iii) Stem’s software revenue did not make up 100% of the Company’s services revenue (iv) Stem had overstated the benefits expected to flow from its AP partnership and (v) as a result, the Offering Documents and defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein. Stem purports to operate as a digitally connected and intelligent energy storage network provider in the U.S. (NYSE: STEM, STEM.WT, STPK.U) securities pursuant to the Offering Documents in connection with the Apmerger between Legacy Stem and Star Peak Energy Transition Corp.
(STEM) Misled Investors in its Offering Documents in Connection with its MergerĪ shareholder filed a class action on behalf of purchasers of Stem, Inc.
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