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Stock impact report

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

Canoo Inc. - Class A (GOEV) 
Company Research Source: Yahoo! Finance
The stock's performance was ahead of the S&P 500's daily gain of 0.91%. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 1.51%. Coming into today, shares of the company had gained 12.95% in the past month. In that same time, the Auto-Tires-Trucks sector lost 4.48%, while the S&P 500 lost 4.2%. Market participants will be closely following the financial results of Canoo Inc. in its upcoming release. In that report, analysts expect Canoo Inc. to post earnings of -$0.86 per share. This would mark year-over-year growth of 78.01%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$3.09 per share and a revenue of $69.31 million, indicating changes of +68.24% and +7722.32%, respectively, from the former year. Investors should also pay attention to any latest changes in analyst estimates for Canoo Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate re Show less Read more
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