C3.ai, Inc. (AI) Advances While Market Declines: Some Information for Investors

C3.ai, Inc. (AI) closed the most recent trading day at $10.63, moving +2.21% from the previous trading session. The stock’s change was more than the S&P 500’s daily loss of 0.32%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 0.6%.

Coming into today, shares of the company had gained 13.54% in the past month. In that same time, the Computer and Technology sector gained 0.32%, while the S&P 500 gained 2.46%.

Investors will be eagerly watching for the performance of C3.ai, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.26, up 29.73% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $51.46 million, indicating a 26.76% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.82 per share and a revenue of $221.58 million, representing changes of +39.26% and -11.46%, respectively, from the prior year.

Investors should also note any recent changes 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 business outlook.

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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. C3.ai, Inc. is currently sporting a Zacks Rank of #3 (Hold).

The Computers – IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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