SoundHound AI, Inc. (SOUN) closed at $7.33 in the latest trading session, marking a -1.74% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.1%. Elsewhere, the Dow saw an upswing of 0.07%, while the tech-heavy Nasdaq appreciated by 0.14%.
The stock of company has fallen by 32.79% in the past month, lagging the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.
Investors will be eagerly watching for the performance of SoundHound AI, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 26, 2026. The company is predicted to post an EPS of -$0.02, indicating a 97.1% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $53.96 million, reflecting a 56.22% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.13 per share and revenue of $167.84 million, indicating changes of +87.5% and +98.17%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for SoundHound AI, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 remained stagnant. SoundHound AI, Inc. presently features a Zacks Rank of #2 (Buy).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 87, positioning it in the top 36% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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SoundHound AI, Inc. (SOUN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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