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C3.ai, Inc. (AI) Dips More Than Broader Market: What You Should Know
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In the latest trading session, C3.ai, Inc. (AI - Free Report) closed at $11.33, marking a -6.83% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company have appreciated by 12.8% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.99%, and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.22, reflecting a 12% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $53.1 million, indicating a 29.34% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.76 per share and a revenue of $223.01 million, demonstrating changes of +43.7% and -10.89%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.36% lower. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 148, positioning it in the bottom 40% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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C3.ai, Inc. (AI) Dips More Than Broader Market: What You Should Know
In the latest trading session, C3.ai, Inc. (AI - Free Report) closed at $11.33, marking a -6.83% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company have appreciated by 12.8% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.99%, and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.22, reflecting a 12% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $53.1 million, indicating a 29.34% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.76 per share and a revenue of $223.01 million, demonstrating changes of +43.7% and -10.89%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.36% lower. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 148, positioning it in the bottom 40% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.