As ChargePoint Holdings (CHPT) prepares to unveil its quarterly earnings on December 4, 2024, investors are keenly anticipating the results and the implications for the company’s stock performance. Analysts project that ChargePoint will report an earnings per share (EPS) of -$0.09, which has set the stage for a critical evaluation of the company’s financial health and future prospects.
ChargePoint’s investors are particularly hopeful that the company will not only meet or exceed this EPS estimate but also provide optimistic guidance for the upcoming quarter. Historically, the guidance offered during earnings reports can significantly influence stock prices, often more so than the earnings figures themselves. Therefore, all eyes will be on the company’s forward-looking statements.
In its last earnings report, ChargePoint fell short of expectations, missing the EPS target by $0.00, which resulted in a notable 17.75% drop in share price during the following trading session. This past performance underscores the volatility surrounding ChargePoint’s stock and the potential repercussions of its upcoming earnings announcement.
To provide a clearer picture, here’s a summary of ChargePoint’s recent earnings performance:
- Q2 2025: EPS Estimate – -0.10, EPS Actual – -0.10, Price Change – -18.0%
- Q1 2025: EPS Estimate – -0.13, EPS Actual – -0.11, Price Change – +6.0%
- Q4 2024: EPS Estimate – -0.13, EPS Actual – -0.12, Price Change – -4.0%
- Q3 2024: EPS Estimate – -0.22, EPS Actual – -0.28, Price Change – +10.0%
As of December 2, 2024, ChargePoint’s stock was trading at $1.19, reflecting a significant decline of 41.95% over the past year. This downward trend has likely left long-term investors feeling disheartened as they approach the earnings release.
Analyst sentiment regarding ChargePoint is crucial for potential investors. Currently, the company holds a consensus rating of Neutral among 9 analysts, with an average one-year price target of $2.36. This target suggests a potential upside of 98.32%, indicating that there is still hope for recovery in the stock price.
In the broader context of the industry, it is helpful to examine the performance expectations of ChargePoint’s peers. Here’s a comparative analysis of several notable companies within the sector:
- GrafTech International: The consensus rating is Neutral, with an average one-year price target of $2.20, reflecting a potential upside of 84.87%.
- Amprius Technologies: Analysts have rated this company as a Buy, with an impressive average one-year price target of $10.00, suggesting a remarkable potential upside of 740.34%.
- FuelCell Energy: The consensus rating is Neutral, with an average one-year price target of $3.12, indicating a potential upside of 162.18%.
This comparative analysis sheds light on the competitive landscape and how ChargePoint is positioned relative to its peers. As the market awaits the earnings report, the sentiment surrounding ChargePoint and its performance will be closely monitored by investors and analysts alike.
In summary, all eyes will be on ChargePoint Holdings as it prepares to announce its quarterly earnings. The results will not only reflect the company’s current financial standing but may also set the tone for its future trajectory in the stock market. Investors are advised to stay informed and consider both the earnings results and the guidance provided by the company in the upcoming report.
