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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 2.16% at $39.38. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of company has risen by 11.1% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Ouster, Inc. in its upcoming earnings disclosure. In that report, analysts expect Ouster, Inc. to post earnings of -$0.3 per share. This would mark year-over-year growth of 18.92%. In the meantime, our current consensus estimate forecasts the revenue to be $56.2 million, indicating a 42.17% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.05 per share and a revenue of $222.1 million, indicating changes of +1.87% and +31.12%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ouster, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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 2.16% at $39.38. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of company has risen by 11.1% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Ouster, Inc. in its upcoming earnings disclosure. In that report, analysts expect Ouster, Inc. to post earnings of -$0.3 per share. This would mark year-over-year growth of 18.92%. In the meantime, our current consensus estimate forecasts the revenue to be $56.2 million, indicating a 42.17% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.05 per share and a revenue of $222.1 million, indicating changes of +1.87% and +31.12%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ouster, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.