Home Most Popular Investing <html> Unveiling the Veil on ChargePoint’s Q4 Fiscal Performance

Unveiling the Veil on ChargePoint’s Q4 Fiscal Performance

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    Unveiling the Veil on ChargePoint’s Q4 Fiscal Performance

ChargePoint Holdings, Inc. CHPT is set to unveil its fourth-quarter fiscal 2024 results after the closing bell on Mar 5. Analysts are expecting a loss of 12 cents per share and revenues of $126.48 million for the quarter.

Anticipated Results

Analysts have adjusted their estimates for ChargePoint’s loss per share in Q4, expanding by 2 cents in the past 90 days. Despite this, the figures still indicate a 7.69% increase from the previous year.

Revenue Expectations

The projected revenues for the quarter hint at a 17.24% decline year-over-year. ChargePoint has a mixed history of surpassing and missing earnings estimates, with an average negative surprise of 19.56% over the last four quarters.

ChargePoint Holdings, Inc. Price and EPS Surprise

 

ChargePoint Holdings, Inc. Price and EPS Surprise

ChargePoint Holdings, Inc. price-eps-surprise | ChargePoint Holdings, Inc. Quote

Reflecting on Q3

In the previous quarter, ChargePoint reported a wider loss per share of 29 cents compared to the estimated 22 cents. Net sales of $110.3 million fell short of the forecasted $117 million, marking a 12% year-over-year decrease.

Industry Factors

The sluggish adoption of electric vehicles, driven by high prices of new models and consumer hesitance towards battery power, has slowed e-mobility growth. Additionally, reduced commercial charter demand due to economic uncertainty and higher interest rates has impacted the industry as a whole.

High waiting times and reduced demand are likely to reflect on ChargePoint’s Q4 results. The company’s rising expenses, especially in cost of revenues, research, and development, along with administrative costs, might have put pressure on margins.

Earnings Forecast

With ChargePoint holding a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%, the outlook for an earnings beat is uncertain. A combination of a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 is typically indicative of potential for surpassing estimates.

Peering into the Competition

Among ChargePoint’s peers, EVgo, Inc. (EVGO) is anticipating a loss per share of 22 cents, while Blink Charging Co. (BLNK) projects a loss of 34 cents per share. Both companies have varying Earnings ESP values and Zacks Ranks, affecting their potential performance in comparison to ChargePoint.

Staying up-to-date with earnings declarations can provide essential insights for understanding the industry landscape and the relative performance of key players.

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