We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stem, Inc. (STEM) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Stem, Inc. (STEM - Free Report) closed at $16.74, marking a +1.82% move from the previous day. This move outpaced the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the company had gained 12.53% over the past month, outpacing the Computer and Technology sector's loss of 14.62% and the S&P 500's loss of 9.94% in that time.
Stem, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.16, down 6.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $89.06 million, up 123.6% from the prior-year quarter.
STEM's full-year Zacks Consensus Estimates are calling for earnings of -$0.60 per share and revenue of $383.03 million. These results would represent year-over-year changes of +27.71% and +200.72%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 5.63% higher. 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 group has a Zacks Industry Rank of 157, putting it in the bottom 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stem, Inc. (STEM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Stem, Inc. (STEM - Free Report) closed at $16.74, marking a +1.82% move from the previous day. This move outpaced the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the company had gained 12.53% over the past month, outpacing the Computer and Technology sector's loss of 14.62% and the S&P 500's loss of 9.94% in that time.
Stem, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.16, down 6.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $89.06 million, up 123.6% from the prior-year quarter.
STEM's full-year Zacks Consensus Estimates are calling for earnings of -$0.60 per share and revenue of $383.03 million. These results would represent year-over-year changes of +27.71% and +200.72%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 5.63% higher. 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 group has a Zacks Industry Rank of 157, putting it in the bottom 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.