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ChargePoint Holdings, Inc. (CHPT) Flat As Market Gains: What You Should Know
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In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $1.97, marking no change from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.46%.
Shares of the company witnessed a loss of 28.88% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 8.75% and the S&P 500's gain of 7.62%.
The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on December 6, 2023. It is anticipated that the company will report an EPS of -$0.22, marking a 29.41% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $117.14 million, showing a 6.54% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.72 per share and revenue of $530.85 million, indicating changes of -2.86% and +13.41%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for ChargePoint Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.25% lower. 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 155, finds itself in the bottom 39% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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ChargePoint Holdings, Inc. (CHPT) Flat As Market Gains: What You Should Know
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $1.97, marking no change from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.46%.
Shares of the company witnessed a loss of 28.88% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 8.75% and the S&P 500's gain of 7.62%.
The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on December 6, 2023. It is anticipated that the company will report an EPS of -$0.22, marking a 29.41% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $117.14 million, showing a 6.54% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.72 per share and revenue of $530.85 million, indicating changes of -2.86% and +13.41%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for ChargePoint Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.25% lower. 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 155, finds itself in the bottom 39% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.