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HomeNewsTuSimple (TSP) Shares Move -1.86%: What You Need to Know

TuSimple (TSP) Shares Move -1.86%: What You Need to Know

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JuSimple (TSP) closed at $10.05 last trading session, marking a -1.86% move from the previous day. That move was narrower than the S&P 500’s 2.77% daily loss. At the same time, the Dow Jones lost 2.82% and the tech-heavy Nasdaq lost 0.83%.

Today, shares of the standalone tech company were down 17.29% over the past month. At the same time, the business services sector lost 2.82%, while the S&P 500 lost 1.35%.

TuSimple will look to show strength ahead of its next earnings release, which is expected to be on May 3, 2022. In this report, analysts expect TuSimple to post a profit of -$0.57 per stock. This would mark a year-over-year growth of 91.14%. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $3.73 million, up 297.02% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of -$2.48 per share and revenue of $16.27 million, which would represent swings of +43.12% and +159.86% , respectively, compared to the previous year.

Any recent changes in analyst estimates for TuSimple should also be noted by investors. Recent revisions tend to reflect the latest short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

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. Over the past few months, the Zacks Consensus EPS estimate has fallen 0.07%. TuSimple currently has a Zacks rank of #3 (Hold).

The technology services industry is part of the business services sector. This group has a Zacks Industry ranking of 182, which places it in the bottom 29% 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.

You can find more information on all of these metrics, and more, at Zacks.com.

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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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