B. Riley Forecasts ChargePoint's Q1 Earnings (NYSE:CHPT)

Key Points

• B. Riley's updated earnings forecast for ChargePoint predicts a Q1 2027 EPS of ($2.01), slightly lower than the previous estimate of ($2.00), indicating ongoing struggles for the company.
• Analysts have mixed ratings on ChargePoint, with two sell ratings, seven hold ratings, one buy rating, and one strong buy rating, reflecting a consensus average price target of $27.88.
• ChargePoint's stock has seen volatility, opening at $9.45, with a 12-month trading range between $8.55 and $40.00, and a market cap of $216.50 million.

ChargePoint Holdings, Inc. (NYSE:CHPT - Free Report) - Equities research analysts at B. Riley cut their Q1 2027 earnings per share (EPS) estimates for ChargePoint in a research note issued on Wednesday, July 30th. B. Riley analyst R. Pfingst now expects that the company will earn ($2.01) per share for the quarter, down from their previous estimate of ($2.00). The consensus estimate for ChargePoint's current full-year earnings is ($0.57) per share. B. Riley also issued estimates for ChargePoint's Q2 2027 earnings at ($2.01) EPS, Q3 2027 earnings at ($1.81) EPS and Q4 2027 earnings at ($1.61) EPS.

Several other research analysts also recently commented on CHPT. The Goldman Sachs Group decreased their target price on shares of ChargePoint from $15.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC restated a "hold" rating on shares of ChargePoint in a research note on Thursday, June 5th. TD Cowen upgraded ChargePoint to a "hold" rating in a research note on Monday, July 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $20.00 price target on shares of ChargePoint in a research note on Thursday, June 5th. Finally, UBS Group lowered their price target on shares of ChargePoint from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.88.

ChargePoint Price Performance

Shares of CHPT traded up $0.28 during midday trading on Monday, reaching $9.76. The stock had a trading volume of 860,870 shares, compared to its average volume of 1,012,644. The company has a current ratio of 1.82, a quick ratio of 1.12 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $223.51 million, a price-to-earnings ratio of -0.81 and a beta of 2.23. The company's 50-day moving average is $13.50 and its 200 day moving average is $13.94. ChargePoint has a 12-month low of $8.55 and a 12-month high of $40.00.

ChargePoint (NYSE:CHPT - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported ($2.00) EPS for the quarter, missing analysts' consensus estimates of ($1.00) by ($1.00). ChargePoint had a negative net margin of 65.79% and a negative return on equity of 131.65%. The firm had revenue of $97.64 million for the quarter, compared to analysts' expectations of $100.43 million. During the same quarter last year, the firm earned ($2.20) earnings per share.

Institutional Investors Weigh In On ChargePoint

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in ChargePoint by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 9,276,632 shares of the company's stock worth $9,929,000 after purchasing an additional 204,464 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of ChargePoint in the fourth quarter worth about $8,746,000. Invesco Ltd. grew its holdings in ChargePoint by 13.1% during the fourth quarter. Invesco Ltd. now owns 5,029,849 shares of the company's stock valued at $5,382,000 after purchasing an additional 583,761 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in ChargePoint by 61.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock worth $2,293,000 after acquiring an additional 1,448,114 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ChargePoint by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,423,298 shares of the company's stock worth $2,071,000 after buying an additional 86,753 shares during the last quarter. Hedge funds and other institutional investors own 37.77% of the company's stock.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.