Factors Shaping the Fate of ChargePoint's (CHPT) Q3 Earnings
Zacks Investment Research | Dec 05, 2021 08:16PM ET
ChargePoint Holdings RMO .
EVgo reported third-quarter 2021 results on Nov 10. It posted a loss of 49 cents a share, wider than the Zacks Consensus Estimate ofa loss of 8 cents. Revenues of $6 million jumped 73% year over year and outpaced the consensus mark of $5 million.
The Zacks Consensus Estimate for EVgo’s2022 earnings implies year-over-year growth of 44.9%. EVGO currently carries a Zacks Rank #3. Its shares have rallied 8.4% in the past year.
Romeo Power reported third-quarter 2021 results on Nov 15. It posted a loss of 20 cents a share, on par with the Zacks Consensus Estimate. Revenues of $5.8 million jumped 753% year over year and surpassed the consensus mark of $2 million.
This Los Angeles-based energy technology company surpassed earnings estimates in two of the trailing three quarters and was on par in one, with the average negative surprise being 25.4%. The Zacks Consensus Estimate for Romeo Power’s 2021 earnings implies year-over-year growth of 101.85%. Romeo Power currently carries a Zacks Rank #2. Its shares have declined 78.6% in the past year.
Beem Global reported third-quarter 2021 results on Nov 11. It posted a loss of 19 cents a share, wider than Zacks Consensus Estimate by 3 cents. The reported loss was wider than the year-ago loss of 17 cents a share. Revenues of $2 million rose 63% year over year but lagged the consensus mark of $3 million.
This San Diego-based company missed earnings estimates in three of the trailing four quarters and surpassed once, with the average negative surprise being 48.51%. The Zacks Consensus Estimate for Beem Global’s 2021 and 2022 earnings implies year-over-year growth of 14.29% and 16.67%, respectively. BEEM currently carries a Zacks Rank #2. Its shares have declined 25.8% in the past year.
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