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C3.ai, Inc. (AI) Registers a Bigger Fall Than the Market: Important Facts to Note
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C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $13.56, moving -4.17% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq decreased by 0.1%.
Prior to today's trading, shares of the company had lost 3.41% lagged the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. On that day, C3.ai, Inc. is projected to report earnings of -$0.29 per share, which would represent a year-over-year decline of 141.67%. Our most recent consensus estimate is calling for quarterly revenue of $75.88 million, down 23.19% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.2 per share and revenue of $298.82 million, which would represent changes of -192.68% and -23.19%, respectively, from the prior year.
Any recent changes to analyst estimates for C3.ai, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. C3.ai, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 175, this industry ranks in the bottom 29% of all industries, numbering over 250.
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.
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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C3.ai, Inc. (AI) Registers a Bigger Fall Than the Market: Important Facts to Note
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $13.56, moving -4.17% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq decreased by 0.1%.
Prior to today's trading, shares of the company had lost 3.41% lagged the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. On that day, C3.ai, Inc. is projected to report earnings of -$0.29 per share, which would represent a year-over-year decline of 141.67%. Our most recent consensus estimate is calling for quarterly revenue of $75.88 million, down 23.19% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.2 per share and revenue of $298.82 million, which would represent changes of -192.68% and -23.19%, respectively, from the prior year.
Any recent changes to analyst estimates for C3.ai, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. C3.ai, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 175, this industry ranks in the bottom 29% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.