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.
As everybody is highly-aware by now, artificial intelligence (AI - Free Report) has been Wall Street’s new shiny toy in 2023.
And it’s easy to understand why, as the technology allows us to achieve digital feats that otherwise felt impossible. It’s undoubtedly an incredible growth story that investors are clamoring over.
Interestingly enough, a popular company within the realm, C3.ai (AI - Free Report) , is scheduled to unveil quarterly results tomorrow, May 31st, after the market closes.
C3.ai is an enterprise AI software provider for accelerating digital transformation. NVIDIA (NVDA - Free Report) , the current winner of the AI craze, posted quarterly results that had the market ecstatic in its latest release.
How does C3.ai stack up heading into its quarterly release? We can use the results from NVDA as a small guide. Let’s take a closer look.
NVIDIA
The chip titan posted EPS of $1.09, crushing the Zacks Consensus Estimate by nearly 20%. Quarterly revenue totaled $7.2 billion, 10% above expectations but lower than the year-ago quarter.
The real highlight came from the company’s Data Center segment, which includes AI operations. Data Center posted record revenue of $4.3 billion, climbing an impressive 14% from the year-ago quarter and 18% sequentially.
As we can see below, the $4.3 billion figure was nearly 10% above the Zacks Consensus Estimate, snapping a streak of negative surprises within the segment.
Image Source: Zacks Investment Research
C3.ai
Analysts have been bullish regarding the quarter to be reported, with the quarterly EPS estimate being revised nearly 6% higher over the last several months. The -$0.17 Zacks Consensus Estimate suggests an improvement of nearly 20% from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate presently stands at $72.3 million, reflecting zero-change year-over-year. It’s worth noting that the quarterly revenue estimate has been revised roughly 1.5% higher since the end of March.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
C3.ai generates the bulk of its revenues through its Subscription segment, an area that the company has consistently positively surprised on. For the quarter, we expect AI to post Subscription revenue of $57 million, reflecting a slight uptick from the year-ago quarter.
Bottom Line
Many investors will be tuned into C3.ai’s release, as artificial intelligence has become the hot item on Wall Street. NVIDIA (NVDA - Free Report) , the leader in the technology so far, posted quarterly results that had the market celebrating.
Heading into the release, C3.ai (AI - Free Report) carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of 6.7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
C3.ai Q4 Preview: Can AI Momentum Sustain?
As everybody is highly-aware by now, artificial intelligence (AI - Free Report) has been Wall Street’s new shiny toy in 2023.
And it’s easy to understand why, as the technology allows us to achieve digital feats that otherwise felt impossible. It’s undoubtedly an incredible growth story that investors are clamoring over.
Interestingly enough, a popular company within the realm, C3.ai (AI - Free Report) , is scheduled to unveil quarterly results tomorrow, May 31st, after the market closes.
C3.ai is an enterprise AI software provider for accelerating digital transformation. NVIDIA (NVDA - Free Report) , the current winner of the AI craze, posted quarterly results that had the market ecstatic in its latest release.
How does C3.ai stack up heading into its quarterly release? We can use the results from NVDA as a small guide. Let’s take a closer look.
NVIDIA
The chip titan posted EPS of $1.09, crushing the Zacks Consensus Estimate by nearly 20%. Quarterly revenue totaled $7.2 billion, 10% above expectations but lower than the year-ago quarter.
The real highlight came from the company’s Data Center segment, which includes AI operations. Data Center posted record revenue of $4.3 billion, climbing an impressive 14% from the year-ago quarter and 18% sequentially.
As we can see below, the $4.3 billion figure was nearly 10% above the Zacks Consensus Estimate, snapping a streak of negative surprises within the segment.
Image Source: Zacks Investment Research
C3.ai
Analysts have been bullish regarding the quarter to be reported, with the quarterly EPS estimate being revised nearly 6% higher over the last several months. The -$0.17 Zacks Consensus Estimate suggests an improvement of nearly 20% from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate presently stands at $72.3 million, reflecting zero-change year-over-year. It’s worth noting that the quarterly revenue estimate has been revised roughly 1.5% higher since the end of March.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
C3.ai generates the bulk of its revenues through its Subscription segment, an area that the company has consistently positively surprised on. For the quarter, we expect AI to post Subscription revenue of $57 million, reflecting a slight uptick from the year-ago quarter.
Bottom Line
Many investors will be tuned into C3.ai’s release, as artificial intelligence has become the hot item on Wall Street. NVIDIA (NVDA - Free Report) , the leader in the technology so far, posted quarterly results that had the market celebrating.
Heading into the release, C3.ai (AI - Free Report) carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of 6.7%.