We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Archer Aviation Inc. (ACHR) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
Archer Aviation Inc. (ACHR - Free Report) ended the recent trading session at $10.51, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's 0.33% loss on the day. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%.
The company's stock has dropped by 8.1% in the past month, falling short of the Aerospace sector's gain of 3.58% and the S&P 500's gain of 4.07%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.2, up 16.67% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.76 per share and revenue of $11.29 million, which would represent changes of +32.74% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Archer Aviation Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Archer Aviation Inc. is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 45, this industry ranks in the top 19% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Archer Aviation Inc. (ACHR) Declines More Than Market: Some Information for Investors
Archer Aviation Inc. (ACHR - Free Report) ended the recent trading session at $10.51, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's 0.33% loss on the day. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%.
The company's stock has dropped by 8.1% in the past month, falling short of the Aerospace sector's gain of 3.58% and the S&P 500's gain of 4.07%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.2, up 16.67% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.76 per share and revenue of $11.29 million, which would represent changes of +32.74% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Archer Aviation Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Archer Aviation Inc. is currently a Zacks Rank #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 45, this industry ranks in the top 19% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.