Ouster, Inc. (OUST) closed at $33.91 in the latest trading session, marking a -3.5% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.
The stock of company has fallen by 35.01% in the past month, lagging the Computer and Technology sector's loss of 2.91% and the S&P 500's gain of 1.7%.
Analysts and investors alike will be keeping a close eye on the performance of Ouster, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. On that day, Ouster, Inc. is projected to report earnings of -$0.31 per share, which would represent year-over-year growth of 18.42%. At the same time, our most recent consensus estimate is projecting a revenue of $50.77 million, reflecting a 44.84% rise from the equivalent quarter last year.
OUST's full-year Zacks Consensus Estimates are calling for earnings of -$1.04 per share and revenue of $223 million. These results would represent year-over-year changes of +2.8% and +31.65%, respectively.
Investors should also note any recent changes to analyst estimates for Ouster, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.9% increase. Ouster, Inc. presently features a Zacks Rank of #2 (Buy).
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Ouster, Inc. (OUST): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).