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C3.ai, Inc. (AI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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C3.ai, Inc. (AI - Free Report) reported $61.35 million in revenue for the quarter ended July 2023, representing a year-over-year decline of 6.1%. EPS of -$0.09 for the same period compares to -$0.12 a year ago.
The reported revenue represents a surprise of -14.14% over the Zacks Consensus Estimate of $71.46 million. With the consensus EPS estimate being -$0.17, the EPS surprise was +47.06%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how C3.ai, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross margin- Professional services: 87% versus 64.31% estimated by two analysts on average.
Gross margin- Subscription: 50% versus the two-analyst average estimate of 71.81%.
Revenue- Professional services: $11.01 million versus the seven-analyst average estimate of $11.11 million. The reported number represents a year-over-year change of +32.9%.
Revenue- Subscription: $61.35 million versus $60.36 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
Shares of C3.ai, Inc. have returned -4.3% over the past month versus the Zacks S&P 500 composite's -0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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C3.ai, Inc. (AI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
C3.ai, Inc. (AI - Free Report) reported $61.35 million in revenue for the quarter ended July 2023, representing a year-over-year decline of 6.1%. EPS of -$0.09 for the same period compares to -$0.12 a year ago.
The reported revenue represents a surprise of -14.14% over the Zacks Consensus Estimate of $71.46 million. With the consensus EPS estimate being -$0.17, the EPS surprise was +47.06%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how C3.ai, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross margin- Professional services: 87% versus 64.31% estimated by two analysts on average.
- Gross margin- Subscription: 50% versus the two-analyst average estimate of 71.81%.
- Revenue- Professional services: $11.01 million versus the seven-analyst average estimate of $11.11 million. The reported number represents a year-over-year change of +32.9%.
- Revenue- Subscription: $61.35 million versus $60.36 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
View all Key Company Metrics for C3.ai, Inc. here>>>Shares of C3.ai, Inc. have returned -4.3% over the past month versus the Zacks S&P 500 composite's -0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.