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SoundHound AI, Inc. (SOUN) Stock Falls Amid Market Uptick: What Investors Need to Know
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SoundHound AI, Inc. (SOUN - Free Report) ended the recent trading session at $4.24, demonstrating a -4.29% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
Prior to today's trading, shares of the company had lost 26.78% lagged the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of SoundHound AI, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on November 5, 2026. It is anticipated that the company will report an EPS of -$0.07, marking a 133.33% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $63.02 million, up 49.86% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.19 per share and revenue of $241.12 million. These totals would mark changes of -46.15% and +42.74%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SoundHound AI, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 witnessed a 24.74% decrease. SoundHound AI, Inc. presently features a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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SoundHound AI, Inc. (SOUN) Stock Falls Amid Market Uptick: What Investors Need to Know
SoundHound AI, Inc. (SOUN - Free Report) ended the recent trading session at $4.24, demonstrating a -4.29% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
Prior to today's trading, shares of the company had lost 26.78% lagged the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of SoundHound AI, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on November 5, 2026. It is anticipated that the company will report an EPS of -$0.07, marking a 133.33% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $63.02 million, up 49.86% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.19 per share and revenue of $241.12 million. These totals would mark changes of -46.15% and +42.74%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SoundHound AI, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 witnessed a 24.74% decrease. SoundHound AI, Inc. presently features a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.