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Lithium Americas Corp. (LAC) Dips More Than Broader Market: What You Should Know
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Lithium Americas Corp. (LAC - Free Report) ended the recent trading session at $2.83, demonstrating a -2.41% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The stock of lithium producer has fallen by 9.66% in the past month, lagging the Basic Materials sector's loss of 7.25% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.03, reflecting a 50% decrease from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $0 million. These totals would mark changes of +84.78% and 0%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Lithium Americas Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 33.7% higher. Lithium Americas Corp. is holding a Zacks Rank of #3 (Hold) right now.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Lithium Americas Corp. (LAC) Dips More Than Broader Market: What You Should Know
Lithium Americas Corp. (LAC - Free Report) ended the recent trading session at $2.83, demonstrating a -2.41% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The stock of lithium producer has fallen by 9.66% in the past month, lagging the Basic Materials sector's loss of 7.25% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.03, reflecting a 50% decrease from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $0 million. These totals would mark changes of +84.78% and 0%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Lithium Americas Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 33.7% higher. Lithium Americas Corp. is holding a Zacks Rank of #3 (Hold) right now.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.