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SoundHound AI, Inc. (SOUN) Dips More Than Broader Market: What You Should Know
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In the latest close session, SoundHound AI, Inc. (SOUN - Free Report) was down 1.31% at $11.30. The stock's change was less than the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%.
The stock of company has risen by 17.8% in the past month, leading the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97%.
The upcoming earnings release of SoundHound AI, Inc. will be of great interest to investors. In that report, analysts expect SoundHound AI, Inc. to post earnings of -$0.06 per share. This would mark year-over-year growth of 45.45%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.03 million, up 145.36% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $161.82 million, representing changes of +84.62% and +91.07%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SoundHound AI, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 no change in the Zacks Consensus EPS estimate. At present, SoundHound AI, Inc. boasts 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 72, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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SoundHound AI, Inc. (SOUN) Dips More Than Broader Market: What You Should Know
In the latest close session, SoundHound AI, Inc. (SOUN - Free Report) was down 1.31% at $11.30. The stock's change was less than the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%.
The stock of company has risen by 17.8% in the past month, leading the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97%.
The upcoming earnings release of SoundHound AI, Inc. will be of great interest to investors. In that report, analysts expect SoundHound AI, Inc. to post earnings of -$0.06 per share. This would mark year-over-year growth of 45.45%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.03 million, up 145.36% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $161.82 million, representing changes of +84.62% and +91.07%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SoundHound AI, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 no change in the Zacks Consensus EPS estimate. At present, SoundHound AI, Inc. boasts 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 72, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.