C3.ai, Inc. (AI) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest close session, C3.ai, Inc. (AI) was down 1.39% at $9.91. The stock's performance was behind the S&P 500's daily loss of 0.17%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, lost 0.83%.

The stock of company has risen by 12.54% in the past month, leading the Computer and Technology sector's gain of 3.01% and the S&P 500's gain of 3.52%.

The investment community will be closely monitoring the performance of C3.ai, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.26, marking a 29.73% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $51.46 million, indicating a 26.76% downward movement from the same quarter last 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 -27.92%, 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 such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. C3.ai, Inc. presently features a Zacks Rank of #3 (Hold).

The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 154, which puts it in the bottom 38% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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

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