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QuantumScape Corporation (QS) Stock Sinks As Market Gains: What You Should Know
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QuantumScape Corporation (QS - Free Report) closed the most recent trading day at $6.87, moving -1.29% from the previous trading session. This move lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the company had lost 7.57% over the past month, lagging the Auto-Tires-Trucks sector's loss of 2.7% and the S&P 500's loss of 1.27% in that time.
Wall Street will be looking for positivity from QuantumScape Corporation as it approaches its next earnings report date. On that day, QuantumScape Corporation is projected to report earnings of -$0.25 per share, which would represent year-over-year growth of 7.41%.
Investors might also notice recent changes to analyst estimates for QuantumScape Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 has moved 3.08% lower. QuantumScape Corporation is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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QuantumScape Corporation (QS) Stock Sinks As Market Gains: What You Should Know
QuantumScape Corporation (QS - Free Report) closed the most recent trading day at $6.87, moving -1.29% from the previous trading session. This move lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the company had lost 7.57% over the past month, lagging the Auto-Tires-Trucks sector's loss of 2.7% and the S&P 500's loss of 1.27% in that time.
Wall Street will be looking for positivity from QuantumScape Corporation as it approaches its next earnings report date. On that day, QuantumScape Corporation is projected to report earnings of -$0.25 per share, which would represent year-over-year growth of 7.41%.
Investors might also notice recent changes to analyst estimates for QuantumScape Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 has moved 3.08% lower. QuantumScape Corporation is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.