QuantumScape Stock Up Nearly 25% in Past Month, Analysts Optimistic About Company's Profit Outlook
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QuantumScape Corporation (QS) stock rose 1.49% on Tuesday, outpacing the S&P 500's 1.41% gain and the Dow's 0.58% increase.
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Over the past month, QS stock has surged 24.82%, well above the Auto-Tires-Trucks sector's 0.15% gain and the S&P 500's 2.9% rise.
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QS is projected to post an EPS of -$0.23 for its next earnings report, an 8% improvement over the year-ago quarter.
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Upward estimate revisions for QS reflect analysts' optimism about the company's operations and profit outlook.
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QS currently has a Zacks Rank of #4 (Sell) in the Automotive - Original Equipment industry, which ranks in the bottom 43% of over 250 industries.