AST SpaceMobile, Inc. (ASTS) closed at $38.77 in the latest trading session, marking a -5.21% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
The company's stock has dropped by 31.81% in the past month, falling short of the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of AST SpaceMobile, Inc. in its upcoming earnings disclosure. In that report, analysts expect AST SpaceMobile, Inc. to post earnings of -$0.39 per share. This would mark year-over-year growth of 13.33%. Alongside, our most recent consensus estimate is anticipating revenue of $44.47 million, indicating a 201.7% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$2.3 per share and revenue of $159.82 million, indicating changes of -71.64% and +125.36%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AST SpaceMobile, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.64% rise in the Zacks Consensus EPS estimate. AST SpaceMobile, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ASTS in the coming trading sessions, be sure to utilize Zacks.com.
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AST SpaceMobile, Inc. (ASTS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).