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Why C3.ai, Inc. (AI) Dipped More Than Broader Market Today
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C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $18.99, moving -1.96% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. On the other hand, the Dow registered a gain of 0.44%, and the technology-centric Nasdaq decreased by 0.76%.
Coming into today, shares of the company had gained 10.5% in the past month. In that same time, the Computer and Technology sector gained 3.34%, while the S&P 500 gained 1.14%.
The investment community will be closely monitoring the performance of C3.ai, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.33, down 450% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $75.14 million, showing a 20.35% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.33 per share and a revenue of $299.06 million, representing changes of -224.39% and -23.13%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, 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 business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, C3.ai, Inc. possesses a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why C3.ai, Inc. (AI) Dipped More Than Broader Market Today
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $18.99, moving -1.96% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. On the other hand, the Dow registered a gain of 0.44%, and the technology-centric Nasdaq decreased by 0.76%.
Coming into today, shares of the company had gained 10.5% in the past month. In that same time, the Computer and Technology sector gained 3.34%, while the S&P 500 gained 1.14%.
The investment community will be closely monitoring the performance of C3.ai, Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.33, down 450% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $75.14 million, showing a 20.35% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.33 per share and a revenue of $299.06 million, representing changes of -224.39% and -23.13%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, 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 business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, C3.ai, Inc. possesses a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.