AST SpaceMobile, Inc. (ASTS) ended the recent trading session at $51.79, demonstrating a -1.48% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.21%.
Prior to today's trading, shares of the company had gained 15.64% outpaced the Computer and Technology sector's gain of 2.75% and the S&P 500's gain of 0.47%.
Investors will be eagerly watching for the performance of AST SpaceMobile, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.19, down 35.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.15 million, indicating a 472.22% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.99 per share and revenue of $62.5 million, which would represent changes of -50% and +1314.58%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AST SpaceMobile, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1% upward. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 100, putting it in the top 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AST SpaceMobile, Inc. (ASTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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