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Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know
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Lithium Americas Corp. (LAC - Free Report) closed at $3.87 in the latest trading session, marking a -1.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the metals and mining company had gained 7.97% in the past month. In that same time, the Basic Materials sector lost 1.76%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from LAC as it approaches its next earnings report date. On that day, LAC is projected to report earnings of -$0.07 per share, which would represent a year-over-year decline of 600%. Our most recent consensus estimate is calling for quarterly revenue of $1.10 million, up 144.44% from the year-ago period.
It is also important to note the recent changes to analyst estimates for LAC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. LAC is currently a Zacks Rank #2 (Buy).
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know
Lithium Americas Corp. (LAC - Free Report) closed at $3.87 in the latest trading session, marking a -1.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the metals and mining company had gained 7.97% in the past month. In that same time, the Basic Materials sector lost 1.76%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from LAC as it approaches its next earnings report date. On that day, LAC is projected to report earnings of -$0.07 per share, which would represent a year-over-year decline of 600%. Our most recent consensus estimate is calling for quarterly revenue of $1.10 million, up 144.44% from the year-ago period.
It is also important to note the recent changes to analyst estimates for LAC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. LAC is currently a Zacks Rank #2 (Buy).
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.