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Stem, Inc. (STEM)
:STEM
Holding STEM?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.24Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 11, 2021
|% Change Since: 45.83%
|Next Earnings Date:May 17, 2021
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong growth in software revenues and strategic shifts towards a more predictable, high-margin business model. However, significant challenges include a sharp decline in overall revenue, lowered guidance, and impairments related to hardware contracts, suggesting financial and operational difficulties as the company transitions.Company Guidance
During Stem Inc.'s Q3 2024 earnings call, the company provided updated guidance and strategic direction, reflecting a significant shift towards software and consultative energy services. The revised revenue guidance for 2024 was lowered to $135 million to $155 million, primarily due to a reduction in storage hardware resale revenue. Despite this, Stem reported a record non-GAAP gross margin of 46%, thanks to a larger contribution from high-margin software and services revenue. The company anticipates a lower overall revenue base long-term but expects more predictable revenue growth and higher gross margins. Stem's strategy involves a pivot away from hardware resales, focusing instead on leading customer relationships through software and services, which are expected to generate gross margins in the 30% to 50% range. The company also aims to reduce operating expenses by about 15% by the end of the year to drive towards profitability.Strong Growth in Software Revenues
Software revenues grew 10% quarter-over-quarter and 19% year-over-year, reflecting a strategic focus on high-margin software and services.
Record Non-GAAP Gross Margin
Reported a record non-GAAP gross margin of 46%, driven by a larger contribution from high-margin software and services revenue.
Expansion of Industry-Leading Software Products
Stem continues to leverage its Athena platform, with strong feedback on its PowerTrack APM software at the RE+ conference, indicating industry-leading capabilities.
Strategic Shift Towards Software and Services
Implemented a new strategy focusing on software and services, expected to drive predictable revenue and higher gross margins.
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STEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $0.48 | $0.38 | -20.83% |
| Aug 06, 2024 | $1.00 | $0.59 | -41.00% |
| May 02, 2024 | $1.91 | $1.36 | -28.80% |
| Feb 28, 2024 | $2.73 | $2.68 | -1.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stem, Inc. (STEM) report earnings?
Stem, Inc. (STEM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Stem, Inc. (STEM) earnings time?
Stem, Inc. (STEM) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STEM EPS forecast?
STEM EPS forecast for the fiscal quarter 2024 (Q4) is -0.2.
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