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C3.ai, Inc. (AI) Laps the Stock Market: Here's Why
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In the latest trading session, C3.ai, Inc. (AI - Free Report) closed at $12.79, marking a +2.65% move from the previous day. The stock outpaced 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%.
Coming into today, shares of the company had gained 17% in the past month. In that same time, the Computer and Technology sector lost 7.7%, while the S&P 500 lost 1.21%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. On that day, C3.ai, Inc. is projected to report earnings of -$0.22 per share, which would represent year-over-year growth of 12%. Our most recent consensus estimate is calling for quarterly revenue of $53.09 million, down 29.36% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.76 per share and a revenue of $223.01 million, indicating changes of +43.7% and -10.89%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. At present, C3.ai, Inc. boasts a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 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.
To follow AI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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C3.ai, Inc. (AI) Laps the Stock Market: Here's Why
In the latest trading session, C3.ai, Inc. (AI - Free Report) closed at $12.79, marking a +2.65% move from the previous day. The stock outpaced 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%.
Coming into today, shares of the company had gained 17% in the past month. In that same time, the Computer and Technology sector lost 7.7%, while the S&P 500 lost 1.21%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. On that day, C3.ai, Inc. is projected to report earnings of -$0.22 per share, which would represent year-over-year growth of 12%. Our most recent consensus estimate is calling for quarterly revenue of $53.09 million, down 29.36% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.76 per share and a revenue of $223.01 million, indicating changes of +43.7% and -10.89%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. At present, C3.ai, Inc. boasts a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 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.
To follow AI in the coming trading sessions, be sure to utilize Zacks.com.