C3.ai, Inc. (AI) closed the most recent trading day at $11.48, moving -1.37% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.33%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Shares of the company witnessed a loss of 17.74% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.09%, and the S&P 500's loss of 0%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.29, showcasing a 141.67% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $75.82 million, down 23.24% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.21 per share and revenue of $298.63 million. These totals would mark changes of -195.12% and -23.24%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% higher. C3.ai, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 143, finds itself in the bottom 42% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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