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C3.ai, Inc. (AI) Ascends While Market Falls: Some Facts to Note
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The latest trading session saw C3.ai, Inc. (AI - Free Report) ending at $24.55, denoting a +0.99% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The the stock of company has fallen by 0.82% in the past month, leading the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.19, down 72.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.55 million, up 19.45% from the prior-year quarter.
AI's full-year Zacks Consensus Estimates are calling for earnings of -$0.42 per share and revenue of $307.99 million. These results would represent year-over-year changes of 0% and +15.44%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for C3.ai, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, C3.ai, Inc. boasts 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 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AI in the coming trading sessions, be sure to utilize Zacks.com.
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C3.ai, Inc. (AI) Ascends While Market Falls: Some Facts to Note
The latest trading session saw C3.ai, Inc. (AI - Free Report) ending at $24.55, denoting a +0.99% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The the stock of company has fallen by 0.82% in the past month, leading the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.19, down 72.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.55 million, up 19.45% from the prior-year quarter.
AI's full-year Zacks Consensus Estimates are calling for earnings of -$0.42 per share and revenue of $307.99 million. These results would represent year-over-year changes of 0% and +15.44%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for C3.ai, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, C3.ai, Inc. boasts 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 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AI in the coming trading sessions, be sure to utilize Zacks.com.