In the latest trading session, C3.ai, Inc. (AI) closed at $12.26, marking a -6.63% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.72%.
The stock of company has fallen by 2.6% in the past month, lagging the Computer and Technology sector's gain of 1.88% and the S&P 500's gain of 0.78%.
Investors will be eagerly watching for the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.29, reflecting a 141.67% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $75.82 million, reflecting a 23.24% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.2 per share and revenue of $298.63 million. These totals would mark changes of -192.68% and -23.24%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for C3.ai, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% higher. As of now, C3.ai, Inc. holds a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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