In the latest trading session, C3.ai, Inc. (AI) closed at $9.32, marking a -2.1% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.36%.
Shares of the company witnessed a gain of 10.57% over the previous month, beating the performance of the Computer and Technology sector with its gain of 9.34%, and the S&P 500's gain of 5.98%.
Investors will be eagerly watching for the performance of C3.ai, Inc. in its upcoming earnings disclosure. On that day, C3.ai, Inc. is projected to report earnings of -$0.38 per share, which would represent a year-over-year decline of 137.5%. Meanwhile, our latest consensus estimate is calling for revenue of $49.71 million, down 54.28% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.4 per share and revenue of $255.4 million. These totals would mark changes of -241.46% and -34.35%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.87% fall in the Zacks Consensus EPS estimate. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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C3.ai, Inc. (AI): Free Stock Analysis Report
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