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.
Ouster, Inc. (OUST) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
Ouster, Inc. (OUST - Free Report) ended the recent trading session at $36.24, demonstrating a -3.33% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The stock of company has fallen by 16.93% in the past month, lagging the Computer and Technology sector's gain of 0.4% and the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of Ouster, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.3, indicating a 18.92% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $56.2 million, reflecting a 42.17% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.05 per share and a revenue of $222.1 million, representing changes of +1.87% and +31.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Ouster, Inc. boasts a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 45, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Ouster, Inc. (OUST) Falls More Steeply Than Broader Market: What Investors Need to Know
Ouster, Inc. (OUST - Free Report) ended the recent trading session at $36.24, demonstrating a -3.33% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The stock of company has fallen by 16.93% in the past month, lagging the Computer and Technology sector's gain of 0.4% and the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of Ouster, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.3, indicating a 18.92% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $56.2 million, reflecting a 42.17% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.05 per share and a revenue of $222.1 million, representing changes of +1.87% and +31.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Ouster, Inc. boasts a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 45, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.