In the latest close session, ChargePoint Holdings, Inc. (CHPT) was up +1.11% at $6.37. This move outpaced the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the company witnessed a loss of 10.51% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 3.16%, and the S&P 500's loss of 0%.
The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$1.07 per share. This would mark year-over-year growth of 10.83%. Our most recent consensus estimate is calling for quarterly revenue of $104.61 million, up 2.67% from the year-ago period.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$5.08 per share and revenue of $406.51 million. These results would represent year-over-year changes of +33.16% and -2.54%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for ChargePoint Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 40% of all industries, numbering over 250.
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.
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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ChargePoint Holdings, Inc. (CHPT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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