Canoo Earnings Estimate

GOEV
 Stock
  

USD 1.28  0.06  4.48%   

Many public companies, such as Canoo, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Canoo's earnings estimates, investors can diagnose different trends across Canoo's analyst sentiment over time as well as compare current estimates against different timeframes.
Canoo is projected to generate -1.91 in earnings per share on the 31st of December 2021. Canoo earnings estimates module stress-tests analyst consensus about projected Canoo Inc EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please check Risk vs Return Analysis.
  

Canoo Earnings Estimation Breakdown

Calculation of earning per share of Canoo Inc is based on official Zacks consensus of 2 analysts regarding Canoo future annual earnings. Given the historical accuracy of 0.0%, the future earnings per share of Canoo is estimated to be -1.91 with the lowest and highest values of -1.93 and -1.9, respectively. Please note that this consensus of annual earnings estimates for Canoo Inc is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS -1.98
-1.93
Lowest
Expected EPS -1.91
-1.9
Highest

Canoo Earnings Projection Consensus

Suppose the current estimates of Canoo's value are higher than the current market price of the Canoo stock. In this case, investors may conclude that Canoo is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Canoo's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

2

0.0%

-1.985

-1.91

Canoo Earnings per Share Projection vs Actual

Actual Earning per Share of Canoo refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Canoo Inc predict the company's earnings will be in the future. The higher the earnings per share of Canoo, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Canoo Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Canoo, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Canoo should always be considered in relation to other companies to make a more educated investment decision.

About Canoo Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Canoo earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Canoo estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Canoo fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
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Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. Canoo operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 805 people.

Canoo Investors Sentiment

The influence of Canoo's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canoo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Canoo's public news can be used to forecast risks associated with investment in Canoo. The trend in average sentiment can be used to explain how an investor holding Canoo can time the market purely based on public headlines and social activities around Canoo Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Canoo's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canoo's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canoo's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canoo.

Canoo Implied Volatility

    
  196.12  
Canoo's implied volatility exposes the market's sentiment of Canoo Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canoo's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canoo stock will not fluctuate a lot when Canoo's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canoo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canoo's short interest history, or implied volatility extrapolated from Canoo options trading.

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Please check Risk vs Return Analysis. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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Is Canoo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
458 M
Return On Assets
(0.67) 
Return On Equity
(1.58) 
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo's market value can be influenced by many factors that don't directly affect Canoo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine Canoo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.