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Stem, Inc. (STEM) Gains As Market Dips: What You Should Know
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Stem, Inc. (STEM - Free Report) closed at $12.89 in the latest trading session, marking a +0.47% move from the prior day. This move outpaced the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the company had lost 12.3% over the past month. This has lagged the Computer and Technology sector's loss of 11.89% and the S&P 500's loss of 9.7% in that time.
Wall Street will be looking for positivity from Stem, Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.16, down 6.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $89.06 million, up 123.6% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.60 per share and revenue of $396.05 million. These totals would mark changes of +27.71% and +210.94%, respectively, from last year.
Any recent changes to analyst estimates for Stem, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.94% higher within the past month. Stem, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Stem, Inc. (STEM) Gains As Market Dips: What You Should Know
Stem, Inc. (STEM - Free Report) closed at $12.89 in the latest trading session, marking a +0.47% move from the prior day. This move outpaced the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the company had lost 12.3% over the past month. This has lagged the Computer and Technology sector's loss of 11.89% and the S&P 500's loss of 9.7% in that time.
Wall Street will be looking for positivity from Stem, Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.16, down 6.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $89.06 million, up 123.6% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.60 per share and revenue of $396.05 million. These totals would mark changes of +27.71% and +210.94%, respectively, from last year.
Any recent changes to analyst estimates for Stem, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.94% higher within the past month. Stem, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.