In the latest close session, ChargePoint Holdings, Inc. (CHPT) was down 3.14% at $6.16. This change lagged the S&P 500's 0.38% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.13%.
Heading into today, shares of the company had gained 24.46% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 9.14% and the S&P 500's gain of 11.41%.
The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company is expected to report EPS of -$1.11, up 7.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $94.86 million, down 2.85% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$3.81 per share and a revenue of $415.98 million, demonstrating changes of +16.81% and +1.16%, respectively, from the preceding year.
Any recent changes to analyst estimates for ChargePoint Holdings, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, ChargePoint Holdings, Inc. is carrying a Zacks Rank of #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 23% 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 Report
This article originally published on Zacks Investment Research (zacks.com).