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Archer Aviation Inc. (ACHR) Outperforms Broader Market: What You Need to Know
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Archer Aviation Inc. (ACHR - Free Report) closed at $11.21 in the latest trading session, marking a +2% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.24%.
Shares of the company have appreciated by 3.78% over the course of the past month, underperforming the Aerospace sector's gain of 5.88%, and the S&P 500's gain of 4.61%.
Investors will be eagerly watching for the performance of Archer Aviation Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.2, marking a 16.67% rise compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.76 per share and revenue of $11.29 million. These totals would mark changes of +32.74% and 0%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. At present, Archer Aviation Inc. boasts a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 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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Archer Aviation Inc. (ACHR) Outperforms Broader Market: What You Need to Know
Archer Aviation Inc. (ACHR - Free Report) closed at $11.21 in the latest trading session, marking a +2% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.24%.
Shares of the company have appreciated by 3.78% over the course of the past month, underperforming the Aerospace sector's gain of 5.88%, and the S&P 500's gain of 4.61%.
Investors will be eagerly watching for the performance of Archer Aviation Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.2, marking a 16.67% rise compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.76 per share and revenue of $11.29 million. These totals would mark changes of +32.74% and 0%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. At present, Archer Aviation Inc. boasts a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 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.