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 Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Lithium Americas Corp. (LAC - Free Report) closed at $4.54 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.14%.
The lithium producer's shares have seen a decrease of 22.32% over the last month, not keeping up with the Basic Materials sector's gain of 8.75% and the S&P 500's loss of 1.43%.
The upcoming earnings release of Lithium Americas Corp. will be of great interest to investors. The company is forecasted to report an EPS of -$0.04, showcasing a 63.64% upward movement from the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.98 per share and a revenue of $0 million, indicating changes of -366.67% and 0%, respectively, from the former year.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. 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 business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 55, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Lithium Americas Corp. (LAC) Stock Falls Amid Market Uptick: What Investors Need to Know
Lithium Americas Corp. (LAC - Free Report) closed at $4.54 in the latest trading session, marking a -1.94% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.14%.
The lithium producer's shares have seen a decrease of 22.32% over the last month, not keeping up with the Basic Materials sector's gain of 8.75% and the S&P 500's loss of 1.43%.
The upcoming earnings release of Lithium Americas Corp. will be of great interest to investors. The company is forecasted to report an EPS of -$0.04, showcasing a 63.64% upward movement from the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.98 per share and a revenue of $0 million, indicating changes of -366.67% and 0%, respectively, from the former year.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. 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 business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 55, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.