C3.ai Earnings Preview and Market Insights
Brief news summary
C3.ai (NYSE:AI) is set to announce its earnings after the market closes tomorrow. Last quarter, the company reported $87.21 million in revenue, a 20.5% increase compared to the previous year, meeting revenue expectations and exceeding forecasts for EBITDA and billing. This quarter, analysts expect revenue to grow by 24.3%, reaching $91.02 million, with an anticipated adjusted loss of $0.16 per share, reflecting confidence in the company's performance. C3.ai has a history of meeting or exceeding revenue expectations over the past two years, with just one miss. In the data infrastructure sector, competitors like Elastic and Confluent reported Q3 revenue growths of 17.6% and 25% respectively, illustrating the sector's strength, with an average share price increase of 8.1% last month. C3.ai's stock has climbed 46.9%, bolstered by advancements in semiconductor stocks influenced by generative AI. Trading at $41.40, above the average analyst target of $25.55, there's ongoing debate on whether to buy or sell the stock ahead of the earnings announcement.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
Watch video about
C3.ai Earnings Preview and Market Insights
Try our premium solution and start getting clients — at no cost to you
I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?
Content Maker
Last news
The Best for your Business
Hot news
SaaStr AI App of the Week: People.ai — The Answer…
Summary and Rewrite: People
S&P Global Enhances Capital IQ Pro with Generativ…
In November 2024, S&P Global unveiled significant generative AI-powered enhancements to its Capital IQ Pro platform, advancing the integration of artificial intelligence in financial research tools.
AI Video Surveillance Systems Improve Public Safe…
In recent years, law enforcement agencies and municipalities worldwide have increasingly adopted AI-powered video surveillance systems to enhance public safety.
Ethical Considerations in AI Marketing
The integration of artificial intelligence (AI) into marketing is revolutionizing the industry by enabling highly personalized customer engagement and improved efficiency.
The Impact of AI on SEO: Opportunities and Challe…
Artificial intelligence (AI) is rapidly reshaping search engine optimization (SEO), offering digital marketers powerful tools and techniques to enhance their online presence.
The future of real estate marketing? It's AI-powe…
Achieving success in residential real estate requires a broad, big-picture perspective.
Ray-Ban maker EssilorLuxottica says it more than …
EssilorLuxottica more than tripled its sales of Meta’s artificial intelligence glasses last year, the Ray-Ban maker announced Wednesday in its fourth-quarter results.
AI Company
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
Your News is ready
Your article is ready
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!
Generating video takes longer than text.
