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ChargePoint Holdings, Inc. (CHPT) Gains As Market Dips: What You Should Know
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In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $8.71, marking a +1.75% move from the previous day. This move outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 1.39%.
Heading into today, shares of the company had lost 8.35% over the past month, lagging the Auto-Tires-Trucks sector's loss of 2.34% and the S&P 500's loss of 0.68% in that time.
ChargePoint Holdings, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.16 per share. This would mark year-over-year growth of 23.81%. Meanwhile, our latest consensus estimate is calling for revenue of $127.88 million, up 56.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.47 per share and revenue of $702.21 million, which would represent changes of +32.86% and +50.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ChargePoint Holdings, Inc.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. Within the past 30 days, our consensus EPS projection has moved 5.58% higher. ChargePoint Holdings, Inc. is currently a Zacks Rank #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 35% 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) Gains As Market Dips: What You Should Know
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $8.71, marking a +1.75% move from the previous day. This move outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 1.39%.
Heading into today, shares of the company had lost 8.35% over the past month, lagging the Auto-Tires-Trucks sector's loss of 2.34% and the S&P 500's loss of 0.68% in that time.
ChargePoint Holdings, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.16 per share. This would mark year-over-year growth of 23.81%. Meanwhile, our latest consensus estimate is calling for revenue of $127.88 million, up 56.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.47 per share and revenue of $702.21 million, which would represent changes of +32.86% and +50.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ChargePoint Holdings, Inc.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. Within the past 30 days, our consensus EPS projection has moved 5.58% higher. ChargePoint Holdings, Inc. is currently a Zacks Rank #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 35% 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.