Company Performance - Archer Aviation Inc. closed at $9.45, reflecting a +1.94% change from the previous day, outperforming the S&P 500's decline of 0.51% [1] - Over the past month, shares of Archer Aviation have decreased by 3.13%, underperforming the Aerospace sector's gain of 3.19% and the S&P 500's gain of 2.87% [1] Earnings Forecast - The upcoming earnings release is anticipated, with a forecasted EPS of -$0.24, indicating a 17.24% increase compared to the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for Archer Aviation are noteworthy, as they reflect changing near-term business trends [3] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] - Over the last 30 days, the Zacks Consensus EPS estimate for Archer Aviation has increased by 2.22%, and the company currently holds a Zacks Rank of 2 (Buy) [5] Industry Overview - The Aerospace - Defense industry, part of the Aerospace sector, currently holds a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Archer Aviation Inc. (ACHR) Increases Despite Market Slip: Here's What You Need to Know