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C3.ai, Inc. (AI) Beats Stock Market Upswing: What Investors Need to Know
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In the latest close session, C3.ai, Inc. (AI - Free Report) was up +2.65% at $12.00. The stock exceeded the S&P 500, which registered a gain of 2.35% for the day. Meanwhile, the Dow experienced a rise of 2.15%, and the technology-dominated Nasdaq saw an increase of 2.74%.
Coming into today, shares of the company had gained 1.39% in the past month. In that same time, the Computer and Technology sector lost 17.06%, while the S&P 500 lost 5.6%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.22 per share. This would mark year-over-year growth of 12%. At the same time, our most recent consensus estimate is projecting a revenue of $53.09 million, reflecting a 29.36% fall from the equivalent quarter last 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 -27.45%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. 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. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
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) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, C3.ai, Inc. (AI - Free Report) was up +2.65% at $12.00. The stock exceeded the S&P 500, which registered a gain of 2.35% for the day. Meanwhile, the Dow experienced a rise of 2.15%, and the technology-dominated Nasdaq saw an increase of 2.74%.
Coming into today, shares of the company had gained 1.39% in the past month. In that same time, the Computer and Technology sector lost 17.06%, while the S&P 500 lost 5.6%.
The investment community will be paying close attention to the earnings performance of C3.ai, Inc. in its upcoming release. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.22 per share. This would mark year-over-year growth of 12%. At the same time, our most recent consensus estimate is projecting a revenue of $53.09 million, reflecting a 29.36% fall from the equivalent quarter last 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 -27.45%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. 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. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
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.