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C3.ai, Inc. (AI) Advances While Market Declines: Some Information for Investors
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C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $8.97, moving +2.05% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
Shares of the company witnessed a gain of 12.84% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 21.92%, and outperforming the S&P 500's gain of 12.8%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. The company is expected to report EPS of -$0.38, down 137.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $49.75 million, showing a 54.24% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.4 per share and revenue of $248.42 million, indicating changes of -241.46% and -36.15%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C3.ai, Inc. presently features 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 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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C3.ai, Inc. (AI) Advances While Market Declines: Some Information for Investors
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $8.97, moving +2.05% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
Shares of the company witnessed a gain of 12.84% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 21.92%, and outperforming the S&P 500's gain of 12.8%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. The company is expected to report EPS of -$0.38, down 137.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $49.75 million, showing a 54.24% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.4 per share and revenue of $248.42 million, indicating changes of -241.46% and -36.15%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C3.ai, Inc. presently features 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 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.