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Why the Market Dipped But AST SpaceMobile, Inc. (ASTS) Gained Today
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In the latest close session, AST SpaceMobile, Inc. (ASTS - Free Report) was up +2.76% at $39.84. The stock exceeded the S&P 500, which registered a loss of 0.52% for the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
Shares of the company have depreciated by 36.51% over the course of the past month, underperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.39, signifying a 13.33% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $44.47 million, up 201.7% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.3 per share and a revenue of $159.82 million, representing changes of -71.64% and +125.36%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AST SpaceMobile, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.64% increase. AST SpaceMobile, Inc. currently has a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But AST SpaceMobile, Inc. (ASTS) Gained Today
In the latest close session, AST SpaceMobile, Inc. (ASTS - Free Report) was up +2.76% at $39.84. The stock exceeded the S&P 500, which registered a loss of 0.52% for the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
Shares of the company have depreciated by 36.51% over the course of the past month, underperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.39, signifying a 13.33% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $44.47 million, up 201.7% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.3 per share and a revenue of $159.82 million, representing changes of -71.64% and +125.36%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AST SpaceMobile, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.64% increase. AST SpaceMobile, Inc. currently has a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.