In the latest close session, AST SpaceMobile, Inc. (ASTS) was down 7.74% at $104.78. The stock fell short of the S&P 500, which registered a gain of 0.5% for the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.43%.
Coming into today, shares of the company had gained 57.85% in the past month. In that same time, the Computer and Technology sector lost 0.15%, while the S&P 500 gained 0.18%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company is expected to report EPS of -$0.18, down 50% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $38.27 million, reflecting a 1893.02% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.07 per share and revenue of $54.87 million. These totals would mark changes of -62.12% and 0%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AST SpaceMobile, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, 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, there's been a 21.04% fall in the Zacks Consensus EPS estimate. AST SpaceMobile, Inc. presently features a Zacks Rank of #5 (Strong Sell).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 25% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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