In the latest trading session, AST SpaceMobile, Inc. (ASTS) closed at $40.48, marking a -8.95% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.09%. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, lost 2.15%.
The stock of company has fallen by 29.1% in the past month, lagging the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.39, signifying a 13.33% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $44.47 million, indicating a 201.7% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.3 per share and a revenue of $159.82 million, signifying shifts of -71.64% and +125.36%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for AST SpaceMobile, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 1.64% rise in the Zacks Consensus EPS estimate. AST SpaceMobile, Inc. is currently a Zacks Rank #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 19% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AST SpaceMobile, Inc. (ASTS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).