The company topped consensus revenue estimates just once over this period. surpassed consensus EPS estimates three times. Over the last four quarters, ChargePoint Holdings, Inc. EPS of -$0.24 for the same period compares with -$0.19 a year ago.Ĭompared to the Zacks Consensus Estimate of $151.92 million, the reported revenues represent a surprise of -0.94%. reported revenues of $150.49 million in the last reported quarter, representing a year-over-year change of +39%. Last Reported Results and Surprise HistoryĬhargePoint Holdings, Inc. The $610.18 million and $867.77 million estimates for the current and next fiscal years indicate changes of +81.8% and +42.2%, respectively. the consensus sales estimate of $156.61 million for the current quarter points to a year-over-year change of +24.9%. In the case of ChargePoint Holdings, Inc. Therefore, knowing a company's potential revenue growth is crucial. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:Įven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues.
Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, ChargePoint Holdings, Inc. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed +58.3%. Over the last 30 days, this estimate has changed -21.9%.įor the next fiscal year, the consensus earnings estimate of -$0.19 indicates a change of +68.6% from what ChargePoint Holdings, Inc. The Zacks Consensus Estimate has changed -19.4% over the last 30 days.įor the current fiscal year, the consensus earnings estimate of -$0.59 points to a change of +15.7% from the prior year. is expected to post a loss of $0.13 per share, indicating a change of +23.5% from the year-ago quarter. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.įor the current quarter, ChargePoint Holdings, Inc. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Now the key question is: Where could the stock be headed in the near term? The Zacks Automotive - Original Equipment industry, to which ChargePoint Holdings, Inc. Shares of this company have returned -20.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
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