We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
C3.ai, Inc. (AI) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, C3.ai, Inc. (AI - Free Report) was down 3.95% at $9.48. The stock fell short of the S&P 500, which registered a gain of 0.19% for the day. Meanwhile, the Dow gained 0.19%, and the Nasdaq, a tech-heavy index, added 0.1%.
Heading into today, shares of the company had gained 19.2% over the past month, outpacing the Computer and Technology sector's gain of 19.09% and the S&P 500's gain of 9.13%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.38, showcasing a 137.5% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $49.75 million, down 54.24% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.4 per share and revenue of $248.42 million, which would represent changes of -241.46% and -36.15%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has remained steady. At present, C3.ai, Inc. boasts a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
C3.ai, Inc. (AI) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, C3.ai, Inc. (AI - Free Report) was down 3.95% at $9.48. The stock fell short of the S&P 500, which registered a gain of 0.19% for the day. Meanwhile, the Dow gained 0.19%, and the Nasdaq, a tech-heavy index, added 0.1%.
Heading into today, shares of the company had gained 19.2% over the past month, outpacing the Computer and Technology sector's gain of 19.09% and the S&P 500's gain of 9.13%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.38, showcasing a 137.5% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $49.75 million, down 54.24% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.4 per share and revenue of $248.42 million, which would represent changes of -241.46% and -36.15%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has remained steady. At present, C3.ai, Inc. boasts a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.