TL;DR:
- C3.ai, Inc. closes at $22.71, down 0.22% in the latest trading session.
- The company underperforms compared to the S&P 500, Dow, and Computer and Technology sector in the past month.
- Analysts predict -$0.18 earnings per share and $70.97 million in revenue for the next earnings release.
- Full-year earnings are expected to be -$0.46 per share with $265.36 million in revenue.
- Positive revisions to analyst estimates can indicate optimism for the company’s future.
- The Zacks Rank system takes these revisions into account and delivers a clear rating model.
- The Computers – IT Services industry is ranked #151 out of 250+ industries, putting it in the bottom 41%.
- The top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Main AI News:
The latest trading session saw C3.ai, Inc. (AI) close at $22.71, a decline of 0.22% compared to the previous session. Despite the loss, C3.ai, Inc. performed better than the S&P 500, which saw a drop of 0.01%, and the Dow, which lost 0.23%. Meanwhile, the tech-heavy Nasdaq index managed to gain 0.97%. In the past month, C3.ai, Inc. has faced a 2.28% loss, lagging behind the Computer and Technology sector’s 4.02% growth and the S&P 500’s 6.23% increase.
As the company approaches its earnings release, it aims to demonstrate its strength. Analysts predict that the earnings report will show earnings per share of -$0.18, a year-over-year growth of 14.29%. The Zacks Consensus Estimate for revenue stands at $70.97 million, down 1.87% from the previous year.
For the full year, earnings are expected to be -$0.46 per share, with revenue of $265.36 million, marking changes of +36.99% and +4.99%, respectively, from the previous year. It is important to keep an eye on any recent changes to analyst estimates for C3.ai, Inc., as positive revisions can be seen as a sign of optimism for the company’s future. The Zacks Rank system takes these revisions into account, delivering a clear rating model, with #1 (Strong Buy) to #5 (Strong Sell).
With a proven track record of outperformance, the Zacks Rank #1 stocks have returned an average of +25% annually since 1988. The Zacks Consensus EPS estimate for C3.ai, Inc. has remained unchanged over the past month, leading to its current Zacks Rank of #3 (Hold).
The Computers – IT Services industry, which is part of the Computer and Technology sector, currently has a Zacks Industry Rank of 151, putting it in the bottom 41% of all industries. Our research shows that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1.
Conlcusion:
The performance of C3.ai, Inc. in the latest trading session was mixed, with a decline of 0.22% compared to the previous session. Despite the loss, the company performed better than the S&P 500 and the Dow while lagging behind the Computer and Technology sector and the S&P 500 in the past month.
The upcoming earnings release will be an opportunity for C3.ai, Inc. to demonstrate its strength, with analysts predicting -$0.18 earnings per share and $70.97 million in revenue. Full-year earnings are expected to be -$0.46 per share with $265.36 million in revenue.
Positive revisions to analyst estimates can indicate optimism for the company’s future, and the Zacks Rank system takes these revisions into account when delivering a clear rating model. The Computers – IT Services industry is ranked #151 out of 250+ industries, putting it in the bottom 41%, but our research shows that the top 50% rated industries outperform the bottom half.
