![]() However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Doesn't appear a compelling earnings-beat candidate. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.ĬhargePoint Holdings, Inc. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. The company has not been able to beat consensus EPS estimates in any of the last four quarters.Īn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Would post a loss of $0.16 per share when it actually produced a loss of $0.21, delivering a surprise of -31.25%. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.įor the last reported quarter, it was expected that ChargePoint Holdings, Inc. ![]() While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. Will beat the consensus EPS estimate.ĭoes Earnings Surprise History Hold Any Clue? So, this combination makes it difficult to conclusively predict that ChargePoint Holdings, Inc. On the other hand, the stock currently carries a Zacks Rank of #4. This has resulted in an Earnings ESP of -3.28%. How Have the Numbers Shaped Up for ChargePoint Holdings, Inc.įor ChargePoint Holdings, Inc.The Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Revenues are expected to be $75.1 million, up 85.4% from the year-ago quarter. This company is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of +5.6%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The earnings report, which is expected to be released on May 31, 2022, might help the stock move higher if these key numbers are better than expectations. ![]() ![]() While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. (CHPT) reports results for the quarter ended April 2022. Wall Street expects a year-over-year increase in earnings on higher revenues when ChargePoint Holdings, Inc.
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