In the latest trading session, ChargePoint Holdings, Inc. (CHPT) closed at $11.00, marking a +1.01% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 1.01%, while the tech-heavy Nasdaq appreciated by 1.15%.
Heading into today, shares of the company had gained 0.65% over the past month, lagging the Auto-Tires-Trucks sector's gain of 3.96% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$1.35, indicating a 32.5% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $96.46 million, down 3.16% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$5.16 per share and revenue of $393.9 million, which would represent changes of +32.11% and -5.56%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ChargePoint Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is currently a Zacks Rank #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
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ChargePoint Holdings, Inc. (CHPT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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