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Fisker Inc. (FSR) Wins as the Market Goes Down: What You Need to Know


Fisker Inc. (FSR) closed the last trading day at $11.01, moving +0.92% from the previous trading session. That move topped the S&P 500’s daily loss of 2.77%. Meanwhile, the Dow Jones lost 2.82% and the tech-heavy Nasdaq lost 0.83%.

Going into today, the company’s shares had lost 13.82% in the past month, lagging the Auto-Tyres-Trucks sector’s 2.06% gain and loss of 1 .35% of the S&P 500 during this period.

Fisker Inc. will look to show strength ahead of its next earnings release, which is expected on May 4, 2022. The company is expected to post EPS of -$0.39, down 254.55% compared to the quarter of the previous year.

Looking to the full year, our Zacks consensus estimates suggest analysts expect earnings of -$1.68 per share and revenue of $69 million. These totals would mark changes of -47.37% and +65614.29%, respectively, from last year.

Any recent changes in analyst estimates for Fisker Inc. should also be noted by investors. These revisions help show the ever-changing nature of short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. In the past 30 days, our consensus EPS projection is down 0.3%. Fisker Inc. is currently a Zacks Rank #3 (Hold).

The Automotive – Domestic industry is part of the Auto-Tyres-Trucks sector. This industry currently has a Zacks Industry Rank of 205, which places it in the bottom 19% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use to track all of these stock movement metrics, and more, in future trading sessions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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