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Lithium Americas Corp. (LAC) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Lithium Americas Corp. (LAC - Free Report) closed at $28.79, marking a -1.94% move from the previous day. This move lagged the S&P 500's daily loss of 1.81%. At the same time, the Dow lost 1.47%, and the tech-heavy Nasdaq lost 0.51%.
Coming into today, shares of the metals and mining company had lost 6.35% in the past month. In that same time, the Basic Materials sector gained 2.2%, while the S&P 500 lost 1.84%.
Investors will be hoping for strength from Lithium Americas Corp. as it approaches its next earnings release. The company is expected to report EPS of -$0.10, unchanged from the prior-year quarter.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10% higher within the past month. Lithium Americas Corp. currently has a Zacks Rank of #3 (Hold).
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 79, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Lithium Americas Corp. (LAC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Lithium Americas Corp. (LAC - Free Report) closed at $28.79, marking a -1.94% move from the previous day. This move lagged the S&P 500's daily loss of 1.81%. At the same time, the Dow lost 1.47%, and the tech-heavy Nasdaq lost 0.51%.
Coming into today, shares of the metals and mining company had lost 6.35% in the past month. In that same time, the Basic Materials sector gained 2.2%, while the S&P 500 lost 1.84%.
Investors will be hoping for strength from Lithium Americas Corp. as it approaches its next earnings release. The company is expected to report EPS of -$0.10, unchanged from the prior-year quarter.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10% higher within the past month. Lithium Americas Corp. currently has a Zacks Rank of #3 (Hold).
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 79, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.