ChargePoint Holdings, Inc. (CHPT) Declines More Than Market: Some Information for Investors

Company Performance - ChargePoint Holdings, Inc. closed at $6.27, down 3.24% from the previous trading session, which is less than the S&P 500's daily loss of 0.13% [1] - Prior to the recent trading day, shares had lost 2.41%, which is narrower than the Auto-Tires-Trucks sector's loss of 5.92% and lagged behind the S&P 500's gain of 0.78% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$1.07, reflecting a growth of 10.83% compared to the same quarter last year [2] - Revenue is forecasted to be $104.61 million, indicating a growth of 2.67% compared to the corresponding quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be -$5.08 per share, with revenue expected at $406.51 million, showing changes of +33.16% and -2.54% respectively from the previous year [3] - Recent analyst estimate revisions indicate optimism about the business and profitability [3] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [5] - ChargePoint Holdings, Inc. currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector and currently has a Zacks Industry Rank of 160, placing it in the bottom 35% 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]