We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
C3.ai, Inc. (AI) Increases Yet Falls Behind Market: What Investors Need to Know
Read MoreHide Full Article
C3.ai, Inc. (AI - Free Report) closed the latest trading day at $26.35, indicating a +0.04% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.16%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%.
Shares of the company witnessed a gain of 8.71% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.87% and the S&P 500's gain of 1.67%.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.16, marking a 23.08% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $91.01 million, indicating a 24.28% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.53 per share and a revenue of $383.04 million, indicating changes of -12.77% and +27.86%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% increase. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 19% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
C3.ai, Inc. (AI) Increases Yet Falls Behind Market: What Investors Need to Know
C3.ai, Inc. (AI - Free Report) closed the latest trading day at $26.35, indicating a +0.04% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.16%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%.
Shares of the company witnessed a gain of 8.71% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.87% and the S&P 500's gain of 1.67%.
The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.16, marking a 23.08% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $91.01 million, indicating a 24.28% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.53 per share and a revenue of $383.04 million, indicating changes of -12.77% and +27.86%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% increase. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 19% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.