ChargePoint Shares Fall 3.96% to $6.30 Ahead of Q4 EPS Loss Forecast
ChargePoint shares fell 3.96% to close at $6.30, underperforming the S&P 500’s 0.43% loss, as Dow and Nasdaq dropped 1.05% and 0.92%. The stock has gained 4.63% over the past month, outpacing its sector’s 2.05% decline as investors await March 4 earnings forecasting EPS of -$1.07 on $104.61 million revenue.
1. Stock Performance
ChargePoint shares closed at $6.30 on February 28, down 3.96%, trailing the S&P 500’s 0.43%, the Dow’s 1.05% and the Nasdaq’s 0.92% losses. Over the past month, shares have risen 4.63%, outperforming the Auto-Tires-Trucks sector’s 2.05% decline.
2. Earnings Forecast
ChargePoint is set to report Q4 results on March 4, with consensus estimates forecasting an EPS loss of $1.07, narrowing 10.83% year-over-year, on projected revenue of $104.61 million, up 2.67% from last year. Full-year projections call for a net loss of $5.08 per share, up 33.16%, on revenue of $406.51 million, down 2.54%.
3. Analyst Rating
The company holds a Zacks Rank of #3 (Hold), reflecting neutral estimate revisions over the past 30 days. Its Automotive – Original Equipment industry has a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries.