You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for ChargePoint Holdings, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for ChargePoint Holdings, Inc. Shares have added about 16.3% since the beginning of the year versus the S&P 500's gain of 2.9%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.ĬhargePoint Holdings, Inc. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $80.68 million. , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $152.83 million for the quarter ended January 2023, missing the Zacks Consensus Estimate by 6.99%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.ĬhargePoint Holdings, Inc. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.17, delivering a surprise of 10.53%. This quarterly report represents an earnings surprise of 18.75%. These figures are adjusted for non-recurring items. This compares to loss of $0.21 per share a year ago.
#Charge point earnings free#
( CHPT Quick Quote CHPT - Free Report) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.16.
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