Nikola Stock Rises Despite Broader Losses as Analysts Grow More Optimistic Ahead of Earnings

Nikola (NKLA) stock rose 0.72% despite broader market losses. The stock has lagged the market over the past month.
Nikola is expected to report improved EPS of -$0.15 on lower revenue of $16.02 million in its next earnings release.
Analyst estimate revisions have trended higher recently, signaling optimism about Nikola's outlook.
Nikola currently has a Zacks Rank of #2 (Buy) based on positive estimate revisions.
The automotive industry ranks in the top 34% of Zacks-covered sectors, suggesting continued strength.

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Posted 9/12/2023, 9:45:20 PM

Nikola Stock Rises Despite Broader Losses as Analysts Grow More Optimistic Ahead of Earnings

Nikola (NKLA) stock rose 0.72% despite broader market losses. The stock has lagged the market over the past month.
Nikola is expected to report improved EPS of -$0.15 on lower revenue of $16.02 million in its next earnings release.
Analyst estimate revisions have trended higher recently, signaling optimism about Nikola's outlook.
Nikola currently has a Zacks Rank of #2 (Buy) based on positive estimate revisions.
The automotive industry ranks in the top 34% of Zacks-covered sectors, suggesting continued strength.

yahoo.com

Relevant topic timeline:

8/24/2023

Disney’s stock flirting with lowest close in nearly 9 years

Shares of Walt Disney Co. are nearing their lowest close since 2014, trading at $83.95 and down 2.2% in Thursday morning action, marking a 58% decline from its all-time high in March 2021.

8/31/2023

Markets News, Aug. 31, 2023: Nasdaq Ekes Out Gains; S&P 500, Dow Break 4-Day Winning Streak

8/31/2023

Kraft Heinz (KHC) Dips More Than Broader Markets: What You Should Know

9/1/2023

Johnson & Johnson (JNJ) Stock Sinks As Market Gains: What You Should Know

Johnson & Johnson (JNJ) closed at $160.48, down 0.74%, with analysts revising EPS estimates lower, a potentially negative sign for the company's business outlook.

9/5/2023

Oracle Stock Boosted By New Upgrade Citing AI Potential

Oracle stock closed trading Tuesday up 2.5% after an analyst upgraded the company's stock, citing its cloud business growth and potential as an artificial intelligence leader.

9/15/2023

Rivian Stock Rises Ahead of Earnings Despite Market Losses

Rivian Automotive closed trading at $24.18, outperforming the S&P 500 and Nasdaq, and is expected to report positive earnings and revenue growth in its upcoming earnings report.

9/20/2023

Stocks of Recent Tech IPOs Plunge Below Offer Prices Amid Market Turmoil

10/3/2023

3M Stock Falls Further Despite Smaller Market Losses As Earnings Set to Drop

3M closed at $88.79, marking a -1.59% move from the prior day, lagging behind the S&P 500's daily loss of 1.37%, as investors look for positivity from the company ahead of its next earnings report.