In the latest close session, C3.ai, Inc. (AI) was down 2.28% at $8.58. The stock fell short of the S&P 500, which registered a gain of 0.62% for the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.83%.
The stock of company has fallen by 5.18% in the past month, lagging the Computer and Technology sector's gain of 2.41% and the S&P 500's gain of 0.8%.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. On that day, C3.ai, Inc. is projected to report earnings of -$0.36 per share, which would represent a year-over-year decline of 125%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $49.71 million, down 54.28% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.35 per share and revenue of $255.4 million, which would represent changes of -229.27% and -34.35%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for C3.ai, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. C3.ai, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 31% 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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C3.ai, Inc. (AI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).