In the latest trading session, Lithium Americas Corp. (LAC) closed at $14.61, marking a -0.81% move from the previous day. This change lagged the S&P 500's 0.54% loss on the day.

Prior to today's trading, shares of the metals and mining company had lost 0.2% over the past month. This has lagged the Basic Materials sector's gain of 6.75% and the S&P 500's gain of 3.05% in that time.

LAC will be looking to display strength as it nears its next earnings release. On that day, LAC is projected to report earnings of -$0.10 per share, which would represent a year-over-year decline of 66.67%.

It is also important to note the recent changes to analyst estimates for LAC. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. LAC is currently a Zacks Rank #3 (Hold).

The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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