Archer Aviation Inc. (ACHR) closed the most recent trading day at $11.85, moving -10.84% from the previous trading session. The stock’s performance was behind the S&P 500’s daily gain of 0.14%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%.
Coming into today, shares of the company had gained 32.37% in the past month. In that same time, the Aerospace sector gained 7.52%, while the S&P 500 gained 5.35%.
Market participants will be closely following the financial results of Archer Aviation Inc. in its upcoming release. The company is expected to report EPS of -$0.2, up 16.67% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.76 per share and revenue of $11.29 million, indicating changes of +32.74% and 0%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Archer Aviation Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Archer Aviation Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Aerospace – Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 155, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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