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 But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $13.50, marking a +0.82% move from the previous day. The stock lagged the S&P 500's daily gain of 2.6%.
Prior to today's trading, shares of the company had lost 26.35% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 22.69% and the S&P 500's loss of 12.9% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.19 per share. This would mark a year-over-year decline of 35.71%. Our most recent consensus estimate is calling for quarterly revenue of $130.71 million, up 101% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.76 per share and revenue of $485.16 million. These totals would mark changes of +53.94% and +100.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 remained stagnant within the past month. ChargePoint Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 But Lags Market: What You Should Know
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $13.50, marking a +0.82% move from the previous day. The stock lagged the S&P 500's daily gain of 2.6%.
Prior to today's trading, shares of the company had lost 26.35% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 22.69% and the S&P 500's loss of 12.9% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.19 per share. This would mark a year-over-year decline of 35.71%. Our most recent consensus estimate is calling for quarterly revenue of $130.71 million, up 101% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.76 per share and revenue of $485.16 million. These totals would mark changes of +53.94% and +100.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 remained stagnant within the past month. ChargePoint Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.