Insights Into C3.ai (AI) Q2: Wall Street Projections for Key Metrics

Wall Street analysts forecast that C3.ai, Inc. (AI) will report quarterly loss of $0.16 per share in its upcoming release, pointing to a year-over-year decline of 23.1%. It is anticipated that revenues will amount to $91.01 million, exhibiting an increase of 24.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some C3.ai metrics that Wall Street analysts commonly model and monitor.Analysts expect 'Revenue- Professional services' to come in at $9.85 million. The estimate indicates a change of +45.2% from the prior-year quarter.According to the collective judgment of analysts, 'Revenue- Subscription' should come in at $81.15 million. The estimate points to a change of +22.1% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Gross margin- Professional services' of 84.2%. Compared to the present estimate, the company reported 83% in the same quarter last year.It is projected by analysts that the 'Gross margin- Subscription' will reach 55.9%. The estimate is in contrast to the year-ago figure of 53%.View all Key Company Metrics for C3.ai here>>>C3.ai shares have witnessed a change of +38.2% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #2 (Buy), AI is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. 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