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Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know
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Lithium Americas Corp. (LAC - Free Report) closed at $5.80 in the latest trading session, marking a -3.49% move from the prior day. This change lagged the S&P 500's 0.23% gain on the day. At the same time, the Dow added 0.34%, and the tech-heavy Nasdaq gained 0.8%.
Shares of the lithium producer witnessed a gain of 4.7% over the previous month, beating the performance of the Basic Materials sector with its loss of 4.2%, and the S&P 500's gain of 3.57%.
The investment community will be paying close attention to the earnings performance of Lithium Americas Corp. in its upcoming release. In that report, analysts expect Lithium Americas Corp. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 400%.
LAC's full-year Zacks Consensus Estimates are calling for earnings of -$0.2 per share and revenue of $0 million. These results would represent year-over-year changes of +4.76% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lithium Americas Corp. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.26% decrease. Right now, Lithium Americas Corp. possesses a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 54, positioning it in the top 22% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know
Lithium Americas Corp. (LAC - Free Report) closed at $5.80 in the latest trading session, marking a -3.49% move from the prior day. This change lagged the S&P 500's 0.23% gain on the day. At the same time, the Dow added 0.34%, and the tech-heavy Nasdaq gained 0.8%.
Shares of the lithium producer witnessed a gain of 4.7% over the previous month, beating the performance of the Basic Materials sector with its loss of 4.2%, and the S&P 500's gain of 3.57%.
The investment community will be paying close attention to the earnings performance of Lithium Americas Corp. in its upcoming release. In that report, analysts expect Lithium Americas Corp. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 400%.
LAC's full-year Zacks Consensus Estimates are calling for earnings of -$0.2 per share and revenue of $0 million. These results would represent year-over-year changes of +4.76% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lithium Americas Corp. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.26% decrease. Right now, Lithium Americas Corp. possesses a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 54, positioning it in the top 22% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.