ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $6.63, moving -2.64% from the previous trading session. This change lagged the S&P 500's daily loss of 1.24%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 1.54%.
Shares of the company have appreciated by 10.02% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 12.06%, and outperforming the S&P 500's gain of 7.72%.
Analysts and investors alike will be keeping a close eye on the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on June 3, 2026. The company is expected to report EPS of -$1.11, up 7.5% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $94.86 million, indicating a 2.85% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.81 per share and revenue of $415.98 million. These totals would mark changes of +16.81% and +1.16%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ChargePoint Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 166, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.
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ChargePoint Holdings, Inc. (CHPT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).