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Stock impact report

Canoo Inc. (GOEV) Increases Yet Falls Behind Market: What Investors Need to 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 0.97% for the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.45%. Coming into today, shares of the company had lost 24.64% in the past month. In that same time, the Auto-Tires-Trucks sector gained 5.28%, while the S&P 500 gained 5.41%. Investors will be eagerly watching for the performance of Canoo Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.91, signifying a 43.48% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates project earnings of -$3.72 per share and a revenue of $34.47 million, demonstrating changes of +61.77% and +3790%, respectively, from the preceding year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Canoo Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, Show less Read more
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