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QuantumScape Corporation (QS) Outperforms Broader Market: What You Need to Know
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QuantumScape Corporation (QS - Free Report) closed the latest trading day at $6.27, indicating a +0.64% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.9%.
Coming into today, shares of the company had lost 8.52% in the past month. In that same time, the Auto-Tires-Trucks sector gained 12.6%, while the S&P 500 gained 3.85%.
The investment community will be closely monitoring the performance of QuantumScape Corporation in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.20, signifying a 16.67% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for QuantumScape Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.96% increase. QuantumScape Corporation is currently a Zacks Rank #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 142, putting it in the bottom 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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QuantumScape Corporation (QS) Outperforms Broader Market: What You Need to Know
QuantumScape Corporation (QS - Free Report) closed the latest trading day at $6.27, indicating a +0.64% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.9%.
Coming into today, shares of the company had lost 8.52% in the past month. In that same time, the Auto-Tires-Trucks sector gained 12.6%, while the S&P 500 gained 3.85%.
The investment community will be closely monitoring the performance of QuantumScape Corporation in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.20, signifying a 16.67% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for QuantumScape Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.96% increase. QuantumScape Corporation is currently a Zacks Rank #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 142, putting it in the bottom 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.