We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest market close, C3.ai, Inc. (AI - Free Report) reached $24.39, with a -1.85% movement compared to the previous day. This change lagged the S&P 500's daily gain of 1.2%. Elsewhere, the Dow saw an upswing of 1.58%, while the tech-heavy Nasdaq appreciated by 1.16%.
Shares of the company have depreciated by 2.63% over the course of the past month, outperforming the Computer and Technology sector's loss of 3.32% and the S&P 500's loss of 3.58%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.19 per share. This would mark a year-over-year decline of 72.73%. Our most recent consensus estimate is calling for quarterly revenue of $74.55 million, up 19.45% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.42 per share and revenue of $307.99 million, which would represent changes of 0% and +15.44%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C3.ai, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
C3.ai, Inc. (AI) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest market close, C3.ai, Inc. (AI - Free Report) reached $24.39, with a -1.85% movement compared to the previous day. This change lagged the S&P 500's daily gain of 1.2%. Elsewhere, the Dow saw an upswing of 1.58%, while the tech-heavy Nasdaq appreciated by 1.16%.
Shares of the company have depreciated by 2.63% over the course of the past month, outperforming the Computer and Technology sector's loss of 3.32% and the S&P 500's loss of 3.58%.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. In that report, analysts expect C3.ai, Inc. to post earnings of -$0.19 per share. This would mark a year-over-year decline of 72.73%. Our most recent consensus estimate is calling for quarterly revenue of $74.55 million, up 19.45% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.42 per share and revenue of $307.99 million, which would represent changes of 0% and +15.44%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for C3.ai, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C3.ai, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.