We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intuitive Machines, Inc. (LUNR) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
The latest trading session saw Intuitive Machines, Inc. (LUNR - Free Report) ending at $5.45, denoting a -0.91% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.
The company's stock has dropped by 22.86% in the past month, falling short of the Aerospace sector's loss of 5.88% and the S&P 500's loss of 3.01%.
The investment community will be closely monitoring the performance of Intuitive Machines, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.14, up 41.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $45 million, reflecting a 146.71% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.48 per share and a revenue of $200 million, signifying shifts of +35.14% and +151.51%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Intuitive Machines, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, there's been no change in the Zacks Consensus EPS estimate. Right now, Intuitive Machines, Inc. possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intuitive Machines, Inc. (LUNR) Stock Falls Amid Market Uptick: What Investors Need to Know
The latest trading session saw Intuitive Machines, Inc. (LUNR - Free Report) ending at $5.45, denoting a -0.91% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.
The company's stock has dropped by 22.86% in the past month, falling short of the Aerospace sector's loss of 5.88% and the S&P 500's loss of 3.01%.
The investment community will be closely monitoring the performance of Intuitive Machines, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.14, up 41.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $45 million, reflecting a 146.71% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.48 per share and a revenue of $200 million, signifying shifts of +35.14% and +151.51%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Intuitive Machines, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, there's been no change in the Zacks Consensus EPS estimate. Right now, Intuitive Machines, Inc. possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.