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Preview: ChargePoint Hldgs's Earnings

Author: Benzinga Insights | March 04, 2024 10:01am

ChargePoint Hldgs (NYSE:CHPT) is set to give its latest quarterly earnings report on Tuesday, 2024-03-05. Here's what investors need to know before the announcement.

Analysts estimate that ChargePoint Hldgs will report an earnings per share (EPS) of $-0.13.

ChargePoint Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.06, which was followed by a 9.76% increase in the share price the next day.

Here's a look at ChargePoint Hldgs's past performance and the resulting price change:

Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023
EPS Estimate -0.22 -0.15 -0.17 -0.17
EPS Actual -0.28 -0.24 -0.15 -0.13
Price Change % 10.0% -11.0% -7.000000000000001% -2.0%

eps graph

Stock Performance

Shares of ChargePoint Hldgs were trading at $2.08 as of March 01. Over the last 52-week period, shares are down 79.45%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for ChargePoint Hldgs visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CHPT

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