We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ChargePoint Holdings, Inc. (CHPT) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $14.20, marking a +0.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the company had gained 6.01% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 3.62% and the S&P 500's gain of 4.59% in that time.
Wall Street will be looking for positivity from ChargePoint Holdings, Inc. as it approaches its next earnings report date. This is expected to be August 30, 2022. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.20 per share. This would mark a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $101.94 million, up 81.65% from the year-ago period.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$0.74 per share and revenue of $478.6 million. These results would represent year-over-year changes of +55.15% and +97.49%, respectively.
Investors might also notice recent changes to analyst estimates for ChargePoint Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ChargePoint Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ChargePoint Holdings, Inc. (CHPT) Gains As Market Dips: What You Should Know
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $14.20, marking a +0.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the company had gained 6.01% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 3.62% and the S&P 500's gain of 4.59% in that time.
Wall Street will be looking for positivity from ChargePoint Holdings, Inc. as it approaches its next earnings report date. This is expected to be August 30, 2022. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.20 per share. This would mark a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $101.94 million, up 81.65% from the year-ago period.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$0.74 per share and revenue of $478.6 million. These results would represent year-over-year changes of +55.15% and +97.49%, respectively.
Investors might also notice recent changes to analyst estimates for ChargePoint Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ChargePoint Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.