ChargePoint Holdings, Inc. (CHPT) Reports Q4 Loss, Lags Revenue Estimates

Summary of ChargePoint Holdings, Inc. (CHPT) Core Viewpoint - ChargePoint Holdings, Inc. reported a quarterly loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a loss of$0.08, indicating a 25% earnings surprise [1]. Financial Performance - The company posted revenues of $101.89 million for the quarter ended January 2025, missing the Zacks Consensus Estimate by 0.58$115.83 million year-over-year [2]. - Over the last four quarters, ChargePoint has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2]. Stock Performance - ChargePoint shares have declined approximately 44.2% since the beginning of the year, contrasting with the S&P 500's decline of only 0.5% [3]. - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of$100.28 million, and for the current fiscal year, it is -$0.19 on revenues of$470.14 million [7]. Industry Outlook - The Automotive - Original Equipment industry, to which ChargePoint belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may negatively impact stock performance [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the company's earnings outlook will be crucial for future stock performance [5][6]. Future Expectations - The estimate revisions trend for ChargePoint is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expectations of outperforming the market in the near future [6].