AST SpaceMobile, Inc. (ASTS Quick QuoteASTS - Free Report) closed at $58.75 in the latest trading session, marking a -2.09% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.

Shares of the company witnessed a loss of 15.66% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.27%, and the S&P 500's loss of 1.99%.

Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. In that report, analysts expect AST SpaceMobile, Inc. to post earnings of -$0.39 per share. This would mark year-over-year growth of 13.33%. Alongside, our most recent consensus estimate is anticipating revenue of $45.19 million, indicating a 206.57% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.27 per share and revenue of $162.52 million. These totals would mark changes of -69.4% and +129.17%, respectively, from last year.

Any recent changes to analyst estimates for AST SpaceMobile, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #3 (Hold).

The Wireless Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 166, finds itself in the bottom 33% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.