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SoundHound AI, Inc. (SOUN) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, SoundHound AI, Inc. (SOUN - Free Report) closed at $6.24, marking a -2.65% move from the previous day. This move lagged the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq lost 0.22%.
The company's stock has climbed by 0.16% in the past month, exceeding the Computer and Technology sector's loss of 2.91% and lagging the S&P 500's gain of 1.7%.
Analysts and investors alike will be keeping a close eye on the performance of SoundHound AI, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. The company's earnings per share (EPS) are projected to be -$0.03, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $52.49 million, up 22.99% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.15 per share and revenue of $233.16 million. These totals would mark changes of -15.38% and +38.03%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SoundHound AI, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. SoundHound AI, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 34% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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SoundHound AI, Inc. (SOUN) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, SoundHound AI, Inc. (SOUN - Free Report) closed at $6.24, marking a -2.65% move from the previous day. This move lagged the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq lost 0.22%.
The company's stock has climbed by 0.16% in the past month, exceeding the Computer and Technology sector's loss of 2.91% and lagging the S&P 500's gain of 1.7%.
Analysts and investors alike will be keeping a close eye on the performance of SoundHound AI, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. The company's earnings per share (EPS) are projected to be -$0.03, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $52.49 million, up 22.99% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.15 per share and revenue of $233.16 million. These totals would mark changes of -15.38% and +38.03%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SoundHound AI, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. SoundHound AI, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 34% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.