7/30/2023 0 Comments Chargepoint stock valueIn predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Ĭomparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Without considering a stock's valuation, no investment decision can be efficient. The company topped consensus revenue estimates two times over this period. The company beat consensus EPS estimates in each of the trailing four quarters. EPS of -$0.15 for the same period compares with -$0.21 a year ago.Ĭompared to the Zacks Consensus Estimate of $128.01 million, the reported revenues represent a surprise of +1.58%. reported revenues of $130.03 million in the last reported quarter, representing a year-over-year change of +59.3%. Last Reported Results and Surprise HistoryĬhargePoint Holdings, Inc. For the current and next fiscal years, $694.54 million and $1.04 billion estimates indicate +48.4% and +50.2% changes, respectively. the consensus sales estimate for the current quarter of $150.03 million indicates a year-over-year change of +38.5%. Therefore, knowing a company's potential revenue growth is crucial.įor ChargePoint Holdings, Inc. 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. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for ChargePoint Holdings, Inc. With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed -25%. This estimate has changed +0.9% over the last 30 days.įor the next fiscal year, the consensus earnings estimate of -$0.06 indicates a change of +84.3% from what ChargePoint Holdings, Inc. The consensus earnings estimate of -$0.42 for the current fiscal year indicates a year-over-year change of +40%. ![]() Over the last 30 days, the Zacks Consensus Estimate has changed -2.1%. ![]() is expected to post a loss of $0.12 per share for the current quarter, representing a year-over-year change of +36.8%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.ĬhargePoint Holdings, Inc. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. ![]() And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Automotive - Original Equipment industry, which ChargePoint Holdings, Inc. Over the past month, shares of this company have returned -3.4%, compared to the Zacks S&P 500 composite's +4.9% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. ![]() ( CHPT Quick Quote CHPT - Free Report) has recently been on 's list of the most searched stocks.
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