In This Article: Artificial intelligence (AI) software company C3. ai (NYSE:AI) will announce its earnings tomorrow after the market closes. Here’s what to watch for. Last quarter, C3. ai matched analysts’ revenue expectations, posting $87. 21 million, a 20. 5% increase year over year. The company outperformed in terms of EBITDA and exceeded billing estimates impressively. Is C3. ai a buy or sell before earnings?Read our full analysis here, it’s free. For this quarter, analysts anticipate C3. ai’s revenue will rise by 24. 3% year over year to $91. 02 million, improving from a 17. 3% growth rate in the same quarter last year. The adjusted loss is projected at -$0. 16 per share. In the last 30 days, analysts have mainly reaffirmed their estimates, indicating their expectation for the business to maintain its trajectory leading up to earnings. C3. ai has only missed Wall Street’s revenue predictions once in the past two years, typically surpassing expectations by 1. 7%. Considering C3. ai’s competitors in the data infrastructure sector, several have already reported their Q3 results, offering insights into potential outcomes.
Elastic showed a 17. 6% increase in revenue, beating projections by 3. 1%, while Confluent reported a 25% revenue growth, exceeding forecasts by 2. 1%. Following these outcomes, Elastic and Confluent saw their shares rise by 14. 7% and 13. 3%, respectively. Read our complete analysis of Elastic’s and Confluent’s results here. Investor sentiment in the data infrastructure sector has been positive, with average share prices rising 8. 1% over the past month. C3. ai’s stock has jumped 46. 9% during this period, with an average analyst price target of $25. 55, in contrast to the current share price of $41. 40. It’s evident that generative AI is set to significantly influence how large companies operate. While Nvidia and AMD approach their record highs, we favor a lesser-known yet profitable semiconductor stock benefiting from AI’s rise. Click here to access our free report on our top semiconductor growth pick. Recommended Stories
C3.ai Earnings Preview and Market Insights
The Walt Disney Company has initiated a significant legal action against Google by issuing a cease-and-desist letter, accusing the tech giant of infringing on Disney’s copyrighted content during the training and development of generative artificial intelligence (AI) models without providing compensation.
As artificial intelligence (AI) advances and increasingly integrates into digital marketing, its influence on search engine optimization (SEO) is becoming significant.
MiniMax and Zhipu AI, two leading artificial intelligence companies, are reportedly preparing to go public on the Hong Kong Stock Exchange as early as January next year.
Denise Dresser, CEO of Slack, is set to leave her position to become Chief Revenue Officer at OpenAI, the company behind ChatGPT.
The film industry is experiencing a major transformation as studios increasingly incorporate artificial intelligence (AI) video synthesis techniques to improve post-production workflows.
AI is revolutionizing social media marketing by offering tools that simplify and enhance audience engagement.
The emergence of AI-generated influencers on social media signifies a major shift in the digital environment, sparking widespread debates about the authenticity of online interactions and the ethical concerns tied to these virtual personas.
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Create your own avatar to work for you — completely free of charge!
Sign up with
Google
We've sent a confirmation email to
Please check your inbox and click the link to complete your registration
Didn’t receive it? Check your Spam or Promotions folder
and get clients without any advertising investment!
Create and publish viral social media content on autopilot
AI sales managers work 24/7, with no need for sleep, food, or breaks, and speak all languages.
You have unsubscribed from the mailing list recklessly but successfully.
We are not saying goodbye and look forward to seeing you again.