Revenue is forecast to reach $125.83 million for the second quarter of fiscal 2024, up 17.5% sequentially and by 41.1% year over year. Analysts expect a loss per share of $0.13, compared to a loss per share of $0.15 in the prior quarter and a loss of $0.18 in the year-ago quarter. For the full fiscal year that ends in January, ChargePoint is expected to post a loss per share of $0.48, better than the prior year’s per-share loss of $0.69. Forecast full-year revenue of $678.54 million is up 45% year over year.
The company is not expected to post a profit in 2024 or 2025. The price multiple for 2026 is 154, based on an earnings estimate of $0.05 per share. The 52-week trading range is $6.65 to $19.92, and the company does not pay a dividend. The total shareholder return for the past year was negative 51.27%.
C3.ai
C3.ai Inc. (NYSE: AI) bills itself as an enterprise AI software company offering a platform and environment that its customers use to build and deploy AI applications. The share price has more than doubled over the past 12 months and is up 179% since the beginning of 2023.
For investors, the big question is whether or not C3.ai can actually show a beat on expectations and a hike in its guidance. The reasoning appears to be that if Nvidia, with its $1 trillion+ market cap can beat estimates and raise guidance even more, C3.ai, with a market cap of around $4 billion, should be able to duplicate those results.
Analysts remain cautious on the stock, with eight of 14 brokerages rating it at Hold and only two having a Buy or Strong Buy rating. At a price of around $31.00, the shares already trade above their median price target of $24.50. At the high price target of $50.00, the implied upside is 61.3%.
For the company’s first quarter of fiscal 2024, analysts expect revenue of $71.6 million, down 1.1% sequentially but 9.6% higher year over year. C3.ai is forecast to post a quarterly loss per share of $0.17, compared to the prior quarter’s loss of $0.13 and a year-ago loss of $0.11 per share. For the full fiscal year that ends next April, the loss per share estimate is $0.30, down from a loss per share of $0.42 in 2023, on sales of $305.63 million, up 14.6%.
C3.ai is not expected to post a profit in its 2024 year. The stock currently trades at 461.6 times estimated 2025 earnings of $0.07 per share and 87.5 times estimated 2026 earnings of $0.36. The stock’s 52-week range is $10.16 to $48.87. The company does not pay a dividend, and total shareholder return for the past year was 115.01%.
GameStop
Video gaming retailer GameStop Corp. (NYSE: GME) has watched its share price fall by about 33% over the past 12 months. Since reporting first-quarter earnings in early June, the stock is down 14%.
Just ahead of the Labor Day weekend, GameStop offered customers a gaming keyboard/mouse package for $20, a savings of 60% based on the regular price of $50, and the company has already announced a Pokemon giveaway for next month. Huge discounts and giveaways are not going to help GameStop’s struggling top line.
Maybe Executive Chair Ryan Cohen had GameStop’s top line in mind when said in a weekend tweet that gaming consoles should be required to include a disk drive because “consumers have also invested their hard-earning money in to physical video games.” GameStop sells physical video gaming equipment and physical disks. Hmmm.
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