ChargePoint Holdings, Inc. (CHPT) Rises Higher Than Market: Key Facts

Company Performance - ChargePoint Holdings, Inc. (CHPT) closed at $0.70, reflecting a +0.66% change from the previous day, outperforming the S&P 500's daily gain of 0.1% [1] - The stock has increased by 16.06% over the past month, which is below the Auto-Tires-Trucks sector's gain of 24% and above the S&P 500's gain of 9.86% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of -$ 0.05, representing a 54.55% increase from the same quarter last year [2] - Revenue is estimated at $100.52 million, indicating a 6.09% decrease compared to the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$ 0.16 and revenue of $455.9 million, reflecting changes of +57.89% and +9.31% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates indicate short-term business trends, with positive revisions suggesting analyst optimism regarding the company's business and profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 ranked stocks have yielded an average annual return of +25% since 1988 [6] - ChargePoint Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 144, placing it in the bottom 42% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]