In the latest trading session, Archer Aviation Inc. (ACHR) closed at $7.73, marking a -4.45% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw an increase of 0.17%.
The company's stock has climbed by 7.15% in the past month, exceeding the Aerospace sector's gain of 5.69% and the S&P 500's gain of 0.78%.
The upcoming earnings release of Archer Aviation Inc. will be of great interest to investors. The company's upcoming EPS is projected at -$0.17, signifying a 63.83% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.74 per share and a revenue of $0 million, representing changes of +34.51% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Aviation Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Archer Aviation Inc. currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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