EVgo Inc. (EVGO) closed the most recent trading day at $4.39, moving -0.23% from the previous trading session. This change was narrower than the S&P 500’s daily loss of 0.37%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the company had gained 5.77% in the past month. In that same time, the Auto-Tires-Trucks sector gained 28.27%, while the S&P 500 gained 7.18%.
Investors will be hoping for strength from EVgo Inc. as it approaches its next earnings release. The company is expected to report EPS of -$0.22, up 56.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.68 million, up 226.92% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.87 per share and revenue of $135.33 million, which would represent changes of -117.5% and +147.91%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EVgo Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 9.81% lower. EVgo Inc. currently has a Zacks Rank of #3 (Hold).
The Automotive – Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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