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Ouster, Inc. (OUST) Registers a Bigger Fall Than the Market: Important Facts to Note
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Ouster, Inc. (OUST - Free Report) ended the recent trading session at $28.95, demonstrating a -5.79% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq gained 0.45%.
The company's stock has dropped by 12.33% in the past month, falling short of the Computer and Technology sector's gain of 5.42% and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of Ouster, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.43, showcasing a 20.37% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $36.75 million, indicating a 30.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.58 per share and revenue of $144.25 million, which would represent changes of +24.04% and +29.84%, respectively, from the prior year.
Any recent changes to analyst estimates for Ouster, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Ouster, Inc. presently features a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ouster, Inc. (OUST) Registers a Bigger Fall Than the Market: Important Facts to Note
Ouster, Inc. (OUST - Free Report) ended the recent trading session at $28.95, demonstrating a -5.79% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq gained 0.45%.
The company's stock has dropped by 12.33% in the past month, falling short of the Computer and Technology sector's gain of 5.42% and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of Ouster, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.43, showcasing a 20.37% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $36.75 million, indicating a 30.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.58 per share and revenue of $144.25 million, which would represent changes of +24.04% and +29.84%, respectively, from the prior year.
Any recent changes to analyst estimates for Ouster, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Ouster, Inc. presently features a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.