Archer Aviation Inc. (ACHR) Outperforms Broader Market: What You Need to Know

Archer Aviation Inc. (ACHR) closed at $10.17 in the latest trading session, marking a +1.9% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.83% for the day. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq appreciated by 1.02%.

The stock of company has risen by 3.53% in the past month, leading the Aerospace sector's gain of 2.79% and undershooting the S&P 500's gain of 4.99%.

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Market participants will be closely following the financial results of Archer Aviation Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.2, showcasing a 16.67% upward movement from the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.76 per share and a revenue of $11.29 million, signifying shifts of +32.74% and 0%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Archer Aviation Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Archer Aviation Inc. is holding a Zacks Rank of #3 (Hold) right now.

The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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Archer Aviation Inc. (ACHR) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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