ChargePoint Holdings, Inc. (CHPT) closed at $7.02 in the latest trading session, marking a +2.78% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.37% for the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.19%.
The stock of company has fallen by 2.01% in the past month, lagging the Auto-Tires-Trucks sector's gain of 4.11% and the S&P 500's gain of 5.51%.
The investment community will be closely monitoring the performance of ChargePoint Holdings, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ChargePoint Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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).