We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
C3.ai, Inc. (AI) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $26.17, moving -0.08% from the previous trading session. This change lagged the S&P 500's 0.47% gain on the day. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%.
Prior to today's trading, shares of the company had gained 12.26% over the past month. This has outpaced the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that time.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.16 per share. This would mark a year-over-year decline of 23.08%. At the same time, our most recent consensus estimate is projecting a revenue of $91.01 million, reflecting a 24.28% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.53 per share and a revenue of $383.44 million, representing changes of -12.77% and +28%, respectively, from the prior 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. 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 46, putting it in the top 19% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
C3.ai, Inc. (AI) Stock Drops Despite Market Gains: Important Facts to Note
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $26.17, moving -0.08% from the previous trading session. This change lagged the S&P 500's 0.47% gain on the day. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%.
Prior to today's trading, shares of the company had gained 12.26% over the past month. This has outpaced the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that time.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.16 per share. This would mark a year-over-year decline of 23.08%. At the same time, our most recent consensus estimate is projecting a revenue of $91.01 million, reflecting a 24.28% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.53 per share and a revenue of $383.44 million, representing changes of -12.77% and +28%, respectively, from the prior 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. 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 46, putting it in the top 19% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.