We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Lithium Americas Corp. (LAC) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
Lithium Americas Corp. (LAC - Free Report) closed at $8.45 in the latest trading session, marking a -6.53% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.71%.
Heading into today, shares of the lithium producer had gained 212.8% over the past month, outpacing the Basic Materials sector's gain of 5.71% and the S&P 500's gain of 4.26%.
Market participants will be closely following the financial results of Lithium Americas Corp. in its upcoming release. It is anticipated that the company will report an EPS of -$0.05, marking a 400% fall compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.21 per share and a revenue of $0 million, signifying shifts of 0% and 0%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Lithium Americas Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.33% lower. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 42% 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lithium Americas Corp. (LAC) Stock Drops Despite Market Gains: Important Facts to Note
Lithium Americas Corp. (LAC - Free Report) closed at $8.45 in the latest trading session, marking a -6.53% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.71%.
Heading into today, shares of the lithium producer had gained 212.8% over the past month, outpacing the Basic Materials sector's gain of 5.71% and the S&P 500's gain of 4.26%.
Market participants will be closely following the financial results of Lithium Americas Corp. in its upcoming release. It is anticipated that the company will report an EPS of -$0.05, marking a 400% fall compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.21 per share and a revenue of $0 million, signifying shifts of 0% and 0%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Lithium Americas Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.33% lower. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 42% 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.