In the latest close session, C3.ai, Inc. (AI) was up +2.86% at $18.36. The stock outpaced the S&P 500's daily gain of 1.23%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 1.86%.
The company's shares have seen an increase of 4.14% over the last month, surpassing the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.45%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. The company is expected to report EPS of -$0.33, down 450% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $75.14 million, showing a 20.35% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.33 per share and revenue of $299.06 million, indicating changes of -224.39% and -23.13%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. C3.ai, Inc. presently features a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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C3.ai, Inc. (AI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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