In the latest market close, QuantumScape Corporation (QS) reached $5.75, with a -1.2% movement compared to the previous day. The stock trailed the S&P 500, which recorded a daily loss of 0.28%. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.42%.
The company’s shares have seen a decrease of 5.98% over the last month, not consistent with the loss of the sector of Auto Tires Trucks of 0.04% and the gain of S&P 500 of 2.67%.
The investment community will be closely monitoring QuantumScape Corporation’s performance in its next earnings report. In that report, analysts expect QuantumScape Corporation to post earnings of -$0.20 per share. This would mark a year-over-year increase of 16.67%.
Investors should also note some recent adjustments to analyst estimates for QuantumScape Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive rating reviews as a good sign for the company’s business outlook.
Research indicates that these rating revisions are directly correlated with near-term stock price momentum. To take advantage of this, we established the Zacks Rank, an exclusive model that takes these rating changes into account and delivers a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable record of outperformance, independently reviewed, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has remained stagnant. QuantumScape Corporation is currently a Zacks Rank #3 (Hold).
The Automotive – Original Equipment industry is part of the Cars-Tires-Trucks sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our particular industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, at Zacks.com.
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QuantumScape Corporation (QS): Free Analysis Report
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