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ChargePoint Holdings, Inc. (CHPT) Stock Falls Amid Market Uptick: What Investors Need to Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $2.77 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The company's stock has dropped by 43.09% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 8.5% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of ChargePoint Holdings, Inc. in its forthcoming earnings report. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.13 per share. This would mark year-over-year growth of 23.53%. Meanwhile, our latest consensus estimate is calling for revenue of $156.61 million, up 24.94% from the prior-year quarter.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$0.59 per share and revenue of $610.18 million. These results would represent year-over-year changes of +15.71% and +30.35%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.09% higher. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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ChargePoint Holdings, Inc. (CHPT) Stock Falls Amid Market Uptick: What Investors Need to Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $2.77 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
The company's stock has dropped by 43.09% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 8.5% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of ChargePoint Holdings, Inc. in its forthcoming earnings report. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.13 per share. This would mark year-over-year growth of 23.53%. Meanwhile, our latest consensus estimate is calling for revenue of $156.61 million, up 24.94% from the prior-year quarter.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$0.59 per share and revenue of $610.18 million. These results would represent year-over-year changes of +15.71% and +30.35%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.09% higher. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.