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Why AST SpaceMobile, Inc. (ASTS) Outpaced the Stock Market Today
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AST SpaceMobile, Inc. (ASTS - Free Report) closed at $94.81 in the latest trading session, marking a +2.36% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the company had gained 3.52% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.23, signifying a 15.00% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $38.24 million, up 5210.56% from the prior-year quarter.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$1 per share and revenue of $179.42 million. These results would represent year-over-year changes of +25.37% and +152.99%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AST SpaceMobile, Inc. These recent revisions tend to reflect the evolving nature of short-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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.85% increase. AST SpaceMobile, Inc. presently features a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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 AST SpaceMobile, Inc. (ASTS) Outpaced the Stock Market Today
AST SpaceMobile, Inc. (ASTS - Free Report) closed at $94.81 in the latest trading session, marking a +2.36% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the company had gained 3.52% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.23, signifying a 15.00% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $38.24 million, up 5210.56% from the prior-year quarter.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$1 per share and revenue of $179.42 million. These results would represent year-over-year changes of +25.37% and +152.99%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AST SpaceMobile, Inc. These recent revisions tend to reflect the evolving nature of short-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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.85% increase. AST SpaceMobile, Inc. presently features a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 44, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.