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In the latest close session, Lithium Americas Corp. (LAC - Free Report) was down 2.66% at $2.02. The stock fell short of the S&P 500, which registered a gain of 0.7% for the day. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Coming into today, shares of the lithium producer had lost 24.73% in the past month. In that same time, the Basic Materials sector lost 9.64%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.03, showcasing a 50% downward movement from the corresponding quarter of the prior 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.
It is also important to note the recent changes to analyst estimates for Lithium Americas Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Lithium Americas Corp. holds a Zacks Rank of #2 (Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 30% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Lithium Americas Corp. (LAC) Stock Dips While Market Gains: Key Facts
In the latest close session, Lithium Americas Corp. (LAC - Free Report) was down 2.66% at $2.02. The stock fell short of the S&P 500, which registered a gain of 0.7% for the day. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Coming into today, shares of the lithium producer had lost 24.73% in the past month. In that same time, the Basic Materials sector lost 9.64%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.03, showcasing a 50% downward movement from the corresponding quarter of the prior 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.
It is also important to note the recent changes to analyst estimates for Lithium Americas Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Lithium Americas Corp. holds a Zacks Rank of #2 (Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 30% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.