C3.ai, Inc. (AI) Increases Yet Falls Behind Market: What Investors Need to Know

C3.ai, Inc. (AI) closed the latest trading day at $26.35, indicating a +0.04% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.16%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%.Shares of the company witnessed a gain of 8.71% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.87% and the S&P 500's gain of 1.67%.The upcoming earnings release of C3.ai, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.16, marking a 23.08% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $91.01 million, indicating a 24.28% growth compared to the corresponding quarter of the prior year.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.53 per share and a revenue of $383.04 million, indicating changes of -12.77% and +27.86%, respectively, from the former year.Investors should also note any recent changes to analyst estimates for C3.ai, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% increase. C3.ai, Inc. currently has a Zacks Rank of #3 (Hold).The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 19% of all industries, numbering over 250.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.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report C3.ai, Inc. (AI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks