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C3.ai, Inc. (AI) Rises Higher Than Market: Key Facts
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C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $9.41, moving +2.73% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.81% for the day. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
The company's shares have seen an increase of 5.13% over the last month, not keeping up with the Computer and Technology sector's gain of 17.98% and the S&P 500's gain of 9.47%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.38, marking a 137.5% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $49.75 million, down 54.24% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.4 per share and revenue of $248.42 million. These totals would mark changes of -241.46% and -36.15%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. currently has 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 81, positioning it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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C3.ai, Inc. (AI) Rises Higher Than Market: Key Facts
C3.ai, Inc. (AI - Free Report) closed the most recent trading day at $9.41, moving +2.73% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.81% for the day. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
The company's shares have seen an increase of 5.13% over the last month, not keeping up with the Computer and Technology sector's gain of 17.98% and the S&P 500's gain of 9.47%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.38, marking a 137.5% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $49.75 million, down 54.24% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.4 per share and revenue of $248.42 million. These totals would mark changes of -241.46% and -36.15%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. currently has 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 81, positioning it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.