Lithium Americas Earnings Estimate

LAC Stock  CAD 4.48  0.06  1.32%   
By analyzing Lithium Americas' earnings estimates, investors can diagnose different trends across Lithium Americas' analyst sentiment over time as well as compare current EPS estimates against different timeframes. Please be aware that the consensus of earnings estimates for Lithium Americas Corp is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Lithium Americas is projected to generate -0.055 in earnings per share on the 31st of December 2023. Lithium Americas earnings estimates show analyst consensus about projected Lithium Americas Corp EPS (Earning Per Share). It derives the highest and the lowest estimates based on Lithium Americas' historical volatility. Many public companies, such as Lithium Americas, 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 Lithium Americas' earnings estimates, investors can diagnose different trends across Lithium Americas' analyst sentiment over time as well as compare current estimates against different timeframes. As of the 29th of December 2024, Gross Profit is likely to drop to about (435.8 K). In addition to that, Pretax Profit Margin is likely to drop to -5.52
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Lithium Americas Earnings per Share Projection vs Actual

About Lithium Americas Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Lithium Americas 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 Lithium Americas 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 Lithium Americas 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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Last ReportedProjected for Next Year
Retained Earnings-264.4 M-251.1 M
Price Earnings Ratio(260.89)(247.85)
Price Earnings To Growth Ratio 2.84  2.98 

Pair Trading with Lithium Americas

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lithium Americas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lithium Americas will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lithium Stock

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Moving against Lithium Stock

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The ability to find closely correlated positions to Lithium Americas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium Americas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lithium Americas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lithium Americas Corp to buy it.
The correlation of Lithium Americas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lithium Americas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Lithium Americas Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lithium Americas' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lithium Americas Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lithium Americas Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Lithium Americas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Americas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Americas' 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.