B. Riley Has Bearish Forecast for ChargePoint Q2 Earnings

Key Points

• B. Riley has lowered its Q2 2026 earnings per share estimate for ChargePoint to ($2.21), reflecting a slight decrease from their previous forecast of ($2.20).
• ChargePoint's latest quarterly earnings report indicated a loss of ($2.00) per share, which missed estimates by ($1.00) and fell short of revenue expectations, recording $97.64 million against the expected $100.43 million.
• ChargePoint currently has a mixed analyst rating, with seven hold ratings, two sell ratings, and one strong buy, indicating a generally cautious outlook on the stock's performance.

ChargePoint Holdings, Inc. (NYSE:CHPT - Free Report) - Stock analysts at B. Riley cut their Q2 2026 earnings per share estimates for ChargePoint in a report released on Wednesday, July 30th. B. Riley analyst R. Pfingst now forecasts that the company will earn ($2.21) per share for the quarter, down from their previous estimate of ($2.20). The consensus estimate for ChargePoint's current full-year earnings is ($0.57) per share. B. Riley also issued estimates for ChargePoint's Q3 2026 earnings at ($2.16) EPS, Q4 2026 earnings at ($1.95) EPS, FY2026 earnings at ($8.43) EPS and FY2027 earnings at ($7.46) EPS.

ChargePoint (NYSE:CHPT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 131.65% and a negative net margin of 65.79%. The firm had revenue of $97.64 million during the quarter, compared to the consensus estimate of $100.43 million. During the same period in the prior year, the firm posted ($2.20) EPS.

A number of other analysts have also issued reports on the company. UBS Group reduced their target price on ChargePoint from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. TD Cowen raised shares of ChargePoint to a "hold" rating in a research note on Monday, July 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of ChargePoint in a research note on Thursday, June 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of ChargePoint in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $27.88.

ChargePoint Stock Down 1.6%

Shares of CHPT traded down $0.16 during mid-day trading on Friday, reaching $9.57. The company's stock had a trading volume of 558,004 shares, compared to its average volume of 1,041,446. The business has a fifty day moving average of $13.50 and a 200 day moving average of $13.94. The company has a market cap of $219.25 million, a price-to-earnings ratio of -0.80 and a beta of 2.23. ChargePoint has a 1 year low of $8.55 and a 1 year high of $40.00. The company has a quick ratio of 1.12, a current ratio of 1.82 and a debt-to-equity ratio of 2.60.

Hedge Funds Weigh In On ChargePoint

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in shares of ChargePoint by 31.2% in the first quarter. Hsbc Holdings PLC now owns 64,567 shares of the company's stock valued at $38,000 after buying an additional 15,366 shares during the period. Trueblood Wealth Management LLC lifted its stake in shares of ChargePoint by 100.0% in the second quarter. Trueblood Wealth Management LLC now owns 40,000 shares of the company's stock valued at $28,000 after buying an additional 20,000 shares during the period. MetLife Investment Management LLC lifted its stake in shares of ChargePoint by 9.8% in the fourth quarter. MetLife Investment Management LLC now owns 251,168 shares of the company's stock valued at $269,000 after buying an additional 22,369 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of ChargePoint by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 273,140 shares of the company's stock valued at $293,000 after buying an additional 23,370 shares during the period. Finally, Perennial Advisors LLC bought a new stake in shares of ChargePoint in the fourth quarter valued at about $26,000. 37.77% of the stock is currently owned by institutional investors.

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.