ChargePoint Holdings, Inc. (CHPT) Advances But Underperforms Market: Key Facts

Company Performance - ChargePoint Holdings, Inc. (CHPT) closed at $0.63, reflecting a +0.48% change from the previous trading day's closing, which lagged behind the S&P 500's daily gain of 0.63% [1] - Over the past month, shares of ChargePoint have depreciated by 0.14%, underperforming the Auto-Tires-Trucks sector's gain of 5.27% and outperforming the S&P 500's loss of 0.7% [1] Earnings Projections - The upcoming earnings per share (EPS) for ChargePoint is projected to be -$ 0.05, indicating a 54.55% increase from the same quarter last year [2] - Revenue is expected to be $100.52 million, reflecting a 6.09% drop compared to the year-ago quarter [2] - For the full year, analysts expect earnings of -$ 0.16 per share and revenue of $455.9 million, marking changes of +57.89% and +9.31% respectively from last year [3] Analyst Forecasts - Recent revisions to analyst forecasts for ChargePoint should be monitored, as positive estimate revisions are interpreted as a good sign for the company's business outlook [4] - Empirical research indicates that revisions in estimates correlate with impending stock price performance [5] Zacks Rank - ChargePoint currently features a Zacks Rank of 2 (Buy), with no change in the Zacks Consensus EPS estimate over the past month [6] - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell) and has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 173, placing it within the bottom 30% of over 250 industries [7] - Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]