Company Overview - Lithium Americas Corp. (LAC) closed at $2.65, reflecting a +1.15% change from the previous day, outperforming the S&P 500 which fell by 0.03% [1] - Over the past month, shares of Lithium Americas have decreased by 6.76%, underperforming the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6% [1] Earnings Forecast - The upcoming earnings release is anticipated, with forecasts indicating an EPS of -$0.04, representing a 20% increase from the same quarter last year [2] - For the entire fiscal year, Zacks Consensus Estimates predict an EPS of -$0.18 and revenue of $0 million, showing changes of +14.29% and 0% respectively from the previous year [2] Analyst Sentiment - Recent revisions to analyst forecasts for Lithium Americas are important, as they reflect changes in short-term business dynamics [3] - Positive estimate revisions indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has historically outperformed, with 1 stocks averaging a +25% annual gain since 1988 [5] - Currently, Lithium Americas holds a Zacks Rank of 3 (Hold), with a 5.48% decline in the Zacks Consensus EPS estimate over the past month [5] Industry Context - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 153, placing it in the bottom 38% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Lithium Americas Corp. (LAC) Advances While Market Declines: Some Information for Investors