In the latest trading session, Ouster, Inc. (OUST) closed at $7.72, marking a -0.26% move from the previous day. This move lagged the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 0.55%.
Prior to today's trading, shares of the company had lost 13.81% over the past month. This has lagged the Computer and Technology sector's gain of 0.6% and the S&P 500's loss of 0.84% in that time.
The investment community will be closely monitoring the performance of Ouster, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2025. The company is predicted to post an EPS of -$0.56, indicating a 1.82% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $31.15 million, up 20.08% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.98 per share and revenue of $142.45 million, indicating changes of +4.81% and +28.22%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Ouster, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 remained unchanged. Ouster, Inc. presently features a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ouster, Inc. (OUST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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