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Stock impact report

Canoo Inc. (GOEV) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]

Canoo Inc. - Class A (GOEV) 
Company Research Source: Yahoo! Finance
The stock outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.08%. Heading into today, shares of the company had lost 41.72% over the past month, lagging the Auto-Tires-Trucks sector's gain of 8.09% and the S&P 500's gain of 1.21% in that time. The investment community will be paying close attention to the earnings performance of Canoo Inc. in its upcoming release. 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 annual period, the Zacks Consensus Estimates anticipate earnings of -$3.72 per share and a revenue of $34.47 million, signifying shifts of +61.77% and +3790%, respectively, from the last year. Any recent changes to analyst estimates for Canoo Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate Show less Read more
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