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Stock impact report

Canoo Inc. (GOEV) Gains But Lags Market: What You Should Know [Yahoo! Finance]

Canoo Inc. - Class A (GOEV) 
Company Research Source: Yahoo! Finance
The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. Elsewhere, the Dow saw an upswing of 1.64%, while the tech-heavy Nasdaq appreciated by 1.03%. The the stock of company has risen by 3.52% in the past month, lagging the Auto-Tires-Trucks sector's gain of 5.19% and overreaching the S&P 500's loss of 1.16%. The investment community will be closely monitoring the performance of Canoo Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 14, 2024. On that day, Canoo Inc. is projected to report earnings of -$0.90 per share, which would represent year-over-year growth of 72.05%. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$4.37 per share and a revenue of $68.65 million, signifying shifts of +55.09% and +7648.73%, respectively, from the last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canoo Inc. Recent revisions tend to r Show less Read more
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