B. Riley Weighs in on ChargePoint's Q2 Earnings (NYSE:CHPT)

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) - B. Riley decreased their Q2 2026 EPS estimates for ChargePoint in a report issued on Wednesday, July 30th. B. Riley analyst R. Pfingst now anticipates that the company will post earnings per share of ($2.21) for the quarter, down from their prior forecast 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.

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

ChargePoint Stock Performance

NYSE:CHPT opened at $9.19 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.82 and a debt-to-equity ratio of 2.60. The company has a market cap of $210.43 million, a P/E ratio of -0.77 and a beta of 2.23. ChargePoint has a fifty-two week low of $8.55 and a fifty-two week high of $45.40. The firm's 50 day moving average is $13.69 and its two-hundred day moving average is $14.21.

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

Institutional Investors Weigh In On ChargePoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHPT. Perennial Advisors LLC purchased a new stake in ChargePoint during the 4th quarter worth $26,000. 111 Capital acquired a new position in ChargePoint during the 4th quarter worth $26,000. Brevan Howard Capital Management LP acquired a new position in ChargePoint during the 4th quarter worth $27,000. International Assets Investment Management LLC acquired a new position in ChargePoint during the 2nd quarter worth $27,000. Finally, Focus Partners Wealth acquired a new position in ChargePoint during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 37.77% of the company's stock.

ChargePoint Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.