Canoo (US:GOEV) ZACKSยท2024-08-07 22:50Company Performance - Canoo Inc. (GOEV) closed at $1.68, reflecting a +0.6% change from the previous day, outperforming the S&P 500's loss of 0.77% [1] - The stock has experienced a significant decline of 31.56% over the past month, compared to the Auto-Tires-Trucks sector's loss of 16.52% and the S&P 500's loss of 5.85% [1] Upcoming Earnings - The earnings report for Canoo Inc. is scheduled for August 14, 2024, with an expected EPS of -$0.77, indicating a 76.09% increase from the same quarter last year [2] - For the annual period, the Zacks Consensus Estimates predict an EPS of -$4.10 and revenue of $68.65 million, representing increases of +57.86% and +7648.73% respectively from the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for Canoo Inc. are noteworthy, as they reflect current business trends and analysts' confidence in the company's performance [3] - The Zacks Rank system, which evaluates these estimate changes, indicates that Canoo Inc. currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - The Automotive - Domestic industry, which includes Canoo Inc., ranks in the bottom 17% of all industries according to the Zacks Industry Rank, which measures the average Zacks Rank of individual stocks within the group [6] - The top 50% rated industries are shown to outperform the bottom half by a factor of 2 to 1 [6]