Ouster, Inc. (OUST) closed the most recent trading day at $24.84, moving -8.81% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.28%.
Coming into today, shares of the company had gained 21.83% in the past month. In that same time, the Computer and Technology sector gained 0.43%, while the S&P 500 gained 0.6%.
The upcoming earnings release of Ouster, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.39, marking a 18.75% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $40.85 million, indicating a 35.76% upward movement from the same quarter last year.
OUST's full-year Zacks Consensus Estimates are calling for earnings of -$1.53 per share and revenue of $148 million. These results would represent year-over-year changes of +26.44% and 0%, respectively.
Any recent changes to analyst estimates for Ouster, Inc. should also be noted by investors. 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 business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Ouster, Inc. currently has a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Ouster, Inc. (OUST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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