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ChargePoint Holdings, Inc. (CHPT) Ascends While Market Falls: Some Facts to Note
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In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $9.54, marking a +2.91% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
Prior to today's trading, shares of the company had lost 9.12% lagged the Auto-Tires-Trucks sector's gain of 8.77% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.55, indicating a 58.33% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $109.83 million, indicating a 3.93% growth compared to the corresponding quarter of the prior year.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$2.03 per share and revenue of $442.3 million. These results would represent year-over-year changes of +55.68% and +7.56%, respectively.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ChargePoint Holdings, Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 208, finds itself in the bottom 16% echelons 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.
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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ChargePoint Holdings, Inc. (CHPT) Ascends While Market Falls: Some Facts to Note
In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $9.54, marking a +2.91% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
Prior to today's trading, shares of the company had lost 9.12% lagged the Auto-Tires-Trucks sector's gain of 8.77% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.55, indicating a 58.33% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $109.83 million, indicating a 3.93% growth compared to the corresponding quarter of the prior year.
CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$2.03 per share and revenue of $442.3 million. These results would represent year-over-year changes of +55.68% and +7.56%, respectively.
Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ChargePoint Holdings, Inc. presently features a Zacks Rank of #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 208, finds itself in the bottom 16% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.