The latest trading session saw C3.ai, Inc. (AI) ending at $19.35, denoting no adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.13%. Meanwhile, the Dow lost 1.33%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the company had lost 14.76% over the past month. This has lagged the Computer and Technology sector's loss of 9.27% and the S&P 500's loss of 6.3% in that time.
The investment community will be closely monitoring the performance of C3.ai, Inc. in its forthcoming earnings report. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.20 per share. This would mark a year-over-year decline of 81.82%. Simultaneously, our latest consensus estimate expects the revenue to be $108.4 million, showing a 25.18% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.45 per share and a revenue of $388.47 million, demonstrating changes of +4.26% and +29.67%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for C3.ai, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. C3.ai, Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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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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