Archer Aviation Inc. (ACHR) closed the most recent trading day at $8.47, moving -2.08% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.16% for the day. At the same time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.18%.
Prior to today's trading, shares of the company had gained 6.27% lagged the Aerospace sector's gain of 7.9% and outpaced the S&P 500's loss of 0.42%.
Investors will be eagerly watching for the performance of Archer Aviation Inc. in its upcoming earnings disclosure. In that report, analysts expect Archer Aviation Inc. to post earnings of -$0.17 per share. This would mark year-over-year growth of 63.83%.
For the full year, the Zacks Consensus Estimates project earnings of -$0.74 per share and a revenue of $0 million, demonstrating changes of +34.51% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Archer Aviation Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Archer Aviation Inc. boasts a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Archer Aviation Inc. (ACHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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