The most recent trading session ended with Lithium Americas Corp. (LAC) standing at $2.76, reflecting a +1.85% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.38%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, added 0.87%.

Shares of the lithium producer witnessed a gain of 7.54% over the previous month, beating the performance of the Basic Materials sector with its gain of 0.05% and the S&P 500's loss of 5.59%.

Investors will be eagerly watching for the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.02, signifying a 50% increase compared to the same quarter of the previous year.

Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.67% lower. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 35% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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Lithium Americas Corp. (LAC) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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