Company Overview - Lithium Americas Corp. (LAC) experienced a decline of 1.41% in its stock price, closing at $2.80, underperforming the S&P 500 which gained 0.3% [1] - Over the past month, LAC shares have decreased by 0.35%, while the Basic Materials sector and S&P 500 saw gains of 4.31% and 2.09% respectively [1] Earnings Projections - The upcoming earnings release for Lithium Americas Corp. is highly anticipated, with projected earnings per share (EPS) of -$0.06, indicating a 500% decrease from the same quarter last year [2] - For the full year, Zacks Consensus Estimates forecast an EPS of -$0.2 and revenue of $0 million, reflecting changes of +4.76% and 0% respectively from the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for Lithium Americas Corp. suggest a positive outlook on the company's business operations and profit generation capabilities [3] - The Zacks Rank system, which incorporates these estimate changes, indicates that upward revisions are correlated with near-term share price momentum [4] Zacks Rank and Industry Performance - The Zacks Rank for Lithium Americas Corp. is currently 3 (Hold), with a 5.37% decrease in the consensus EPS estimate over the last 30 days [5] - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 151, placing it in the bottom 39% of over 250 industries [6] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [6]
Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: Here's Why