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C3.ai, Inc. (AI) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, C3.ai, Inc. (AI - Free Report) was up +2.01% at $8.64. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.18%.
The stock of company has fallen by 8.83% in the past month, lagging the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. On that day, C3.ai, Inc. is projected to report earnings of -$0.36 per share, which would represent a year-over-year decline of 125%. At the same time, our most recent consensus estimate is projecting a revenue of $49.71 million, reflecting a 54.28% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.35 per share and a revenue of $255.4 million, demonstrating changes of -229.27% and -34.35%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. C3.ai, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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C3.ai, Inc. (AI) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, C3.ai, Inc. (AI - Free Report) was up +2.01% at $8.64. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.18%.
The stock of company has fallen by 8.83% in the past month, lagging the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. On that day, C3.ai, Inc. is projected to report earnings of -$0.36 per share, which would represent a year-over-year decline of 125%. At the same time, our most recent consensus estimate is projecting a revenue of $49.71 million, reflecting a 54.28% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.35 per share and a revenue of $255.4 million, demonstrating changes of -229.27% and -34.35%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. C3.ai, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.