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Fisker Inc. (FSR) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2-min read

In the latest trading session, Fisker Inc. (FSR) closed at $16.24, marking a -0.55% move from the previous day. This change lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 0.13%.

Prior to today's trading, shares of the company had lost 8.57% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 3.58% and the S&P 500's gain of 2.36% in that time.

Fisker Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Fisker Inc. to post earnings of -$0.46 per share. This would mark a year-over-year decline of 820%.

Investors should also note any recent changes to analyst estimates for Fisker Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Fisker Inc. is holding a Zacks Rank of #4 (Sell) right now.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 35% of all 250+ industries.

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

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


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