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ChargePoint Holdings, Inc. (CHPT) Beats Stock Market Upswing: What Investors Need to Know
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ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $12.51 in the latest trading session, marking a +2.12% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.31% for the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Coming into today, shares of the company had gained 69.67% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.07%, while the S&P 500 lost 3.66%.
Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.55, showcasing a 58.33% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $109.83 million, up 3.93% from the prior-year quarter.
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 take note of any recent adjustments to analyst estimates for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, ChargePoint Holdings, Inc. holds a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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ChargePoint Holdings, Inc. (CHPT) Beats Stock Market Upswing: What Investors Need to Know
ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $12.51 in the latest trading session, marking a +2.12% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.31% for the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Coming into today, shares of the company had gained 69.67% in the past month. In that same time, the Auto-Tires-Trucks sector gained 1.07%, while the S&P 500 lost 3.66%.
Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.55, showcasing a 58.33% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $109.83 million, up 3.93% from the prior-year quarter.
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 take note of any recent adjustments to analyst estimates for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, ChargePoint Holdings, Inc. holds a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.