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Ouster, Inc. (OUST) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Ouster, Inc. (OUST - Free Report) was down 2% at $32.79. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
Heading into today, shares of the company had lost 30.48% over the past month, lagging the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.3, reflecting a 18.92% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $56.2 million, indicating a 42.17% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.05 per share and a revenue of $222.1 million, demonstrating changes of +1.87% and +31.12%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ouster, Inc. currently has a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 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.
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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Ouster, Inc. (OUST) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Ouster, Inc. (OUST - Free Report) was down 2% at $32.79. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
Heading into today, shares of the company had lost 30.48% over the past month, lagging the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.3, reflecting a 18.92% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $56.2 million, indicating a 42.17% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.05 per share and a revenue of $222.1 million, demonstrating changes of +1.87% and +31.12%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ouster, Inc. currently has a Zacks Rank of #4 (Sell).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.