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ChargePoint Holdings, Inc. (CHPT) Stock Sinks As Market Gains: What You Should Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $11.49 in the latest trading session, marking a -1.88% move from the prior day. This move lagged the S&P 500's daily gain of 1.36%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 0.06%.
Prior to today's trading, shares of the company had lost 5.72% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 6.57% and lagged the S&P 500's gain of 5.44% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release, which is expected to be December 1, 2022. The company is expected to report EPS of -$0.19, down 35.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $131.35 million, up 101.98% from the prior-year quarter.
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.
Any recent changes to analyst estimates for ChargePoint Holdings, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 36% 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.
To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.
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ChargePoint Holdings, Inc. (CHPT) Stock Sinks As Market Gains: What You Should Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $11.49 in the latest trading session, marking a -1.88% move from the prior day. This move lagged the S&P 500's daily gain of 1.36%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 0.06%.
Prior to today's trading, shares of the company had lost 5.72% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 6.57% and lagged the S&P 500's gain of 5.44% in that time.
Investors will be hoping for strength from ChargePoint Holdings, Inc. as it approaches its next earnings release, which is expected to be December 1, 2022. The company is expected to report EPS of -$0.19, down 35.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $131.35 million, up 101.98% from the prior-year quarter.
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.
Any recent changes to analyst estimates for ChargePoint Holdings, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 36% 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.
To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.