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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) closed at $20.05 in the latest trading session, marking a -4.8% move from the prior day. This change lagged the S&P 500's daily loss of 1.51%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.01%.
Heading into today, shares of the company had gained 10.38% over the past month, outpacing the Computer and Technology sector's loss of 1.84% and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. In that report, analysts expect Ouster, Inc. to post earnings of -$0.31 per share. This would mark year-over-year growth of 26.19%. In the meantime, our current consensus estimate forecasts the revenue to be $45.8 million, indicating a 40.36% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.96 per share and revenue of $219.9 million. These totals would mark changes of +10.28% and +29.82%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 17.24% increase. Right now, Ouster, Inc. possesses a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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) closed at $20.05 in the latest trading session, marking a -4.8% move from the prior day. This change lagged the S&P 500's daily loss of 1.51%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.01%.
Heading into today, shares of the company had gained 10.38% over the past month, outpacing the Computer and Technology sector's loss of 1.84% and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. In that report, analysts expect Ouster, Inc. to post earnings of -$0.31 per share. This would mark year-over-year growth of 26.19%. In the meantime, our current consensus estimate forecasts the revenue to be $45.8 million, indicating a 40.36% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.96 per share and revenue of $219.9 million. These totals would mark changes of +10.28% and +29.82%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 17.24% increase. Right now, Ouster, Inc. possesses a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.