ChargePoint Holdings, Inc. (CHPT) ended the recent trading session at $1.15, demonstrating a +1.77% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.35%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.17%.

Shares of the company witnessed a loss of 13.08% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 27.65% and the S&P 500's gain of 1.69%.

The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on December 4, 2024. The company is expected to report EPS of -$0.09, up 68.97% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $89.68 million, showing a 18.68% drop compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of -$0.38 per share and a revenue of $416.61 million, demonstrating changes of +51.9% and -17.77%, respectively, from the preceding year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ChargePoint Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% lower within the past month. ChargePoint Holdings, Inc. is currently a Zacks Rank #4 (Sell).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 27% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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