QuantumScape Corporation (QS) ended the most recent trading day at $5.98, representing +1.36% change from the previous close. This move outpaced the S&P 500’s daily gain of 1.11%. Meanwhile, the Dow Jones Industrial Average rose 0.8%, and the tech-heavy Nasdaq rose 1.24%.
As of today, shares of the company had lost 2.16% over the past month. During the same period, the Auto Tires & Trucks sector fell 7.62%, while the S&P 500 index rose 0.48%.
The investment community will be paying close attention to QuantumScape Corporation’s earnings performance in upcoming releases. In the same report, analysts expect QuantumScape Corporation to post earnings per share of -$0.20. This represents a growth of 16.67% compared to the previous year.
It is also important for investors to note recent revisions to analyst estimates for QuantumScape Corporation. These latest adjustments often reflect changes in short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Research shows that these estimate revisions are directly correlated with near-term stock price momentum. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and provides a clear and actionable rating model.
The Zacks Rank system, ranging 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. I am. Over the past 30 days, the Zacks Consensus EPS estimate has not changed. QuantumScape currently has a Zacks Rank of #3 (Hold).
The Automotive – OEM industry is part of the Automotive Tires – Trucks sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
In subsequent trading sessions, remember to utilize Zacks.com to monitor all of these metrics impacting the stock and more.
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QuantumScape Corporation (QS): Free Stock Analysis Report
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