ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $5.09, moving -2.12% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.11%. Meanwhile, the Dow experienced a drop of 0.56%, and the technology-dominated Nasdaq saw an increase of 0.35%.
The company's stock has dropped by 3.17% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 7.75% and lagging the S&P 500's gain of 0.51%.
Analysts and investors alike will be keeping a close eye on the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$1.11, indicating a 7.5% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $94.86 million, down 2.85% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$3.81 per share and a revenue of $415.98 million, signifying shifts of +16.81% and +1.16%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has moved 13.62% lower. ChargePoint Holdings, Inc. currently has 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 143, finds itself in the bottom 42% echelons of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ChargePoint Holdings, Inc. (CHPT): Free Stock Analysis Report
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