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C3.ai, Inc. (AI) Declines More Than Market: Some Information for Investors
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C3.ai, Inc. (AI - Free Report) ended the recent trading session at $8.91, demonstrating a -2.52% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The company's shares have seen a decrease of 11.18% over the last month, not keeping up with the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.26, indicating a 29.73% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $51.46 million, indicating a 26.76% decrease compared to the same quarter of the previous year.
AI's full-year Zacks Consensus Estimates are calling for earnings of -$0.82 per share and revenue of $221.58 million. These results would represent year-over-year changes of +39.26% and -11.46%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. 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. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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C3.ai, Inc. (AI) Declines More Than Market: Some Information for Investors
C3.ai, Inc. (AI - Free Report) ended the recent trading session at $8.91, demonstrating a -2.52% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The company's shares have seen a decrease of 11.18% over the last month, not keeping up with the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.26, indicating a 29.73% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $51.46 million, indicating a 26.76% decrease compared to the same quarter of the previous year.
AI's full-year Zacks Consensus Estimates are calling for earnings of -$0.82 per share and revenue of $221.58 million. These results would represent year-over-year changes of +39.26% and -11.46%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. 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. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.