This estimate has changed +0.9% over the last 30 days.įor the next fiscal year, the consensus earnings estimate of -$0.06 indicates a change of +84.3% from what ChargePoint Holdings, Inc. The consensus earnings estimate of -$0.42 for the current fiscal year indicates a year-over-year change of +40%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.1%. is expected to post a loss of $0.12 per share for the current quarter, representing a year-over-year change of +36.8%.
This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.ĬhargePoint Holdings, Inc. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Automotive - Original Equipment industry, which ChargePoint Holdings, Inc. Over the past month, shares of this company have returned -3.4%, compared to the Zacks S&P 500 composite's +4.9% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
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