C3 Ai IncAI
± MixedCapitalrelevance
Earnings report upcoming; revenue expected to decline, but stock has risen and analysts reconfirmed estimates.
Impact on stocks 3
Artificial Intelligence
Enterprise AI software company C3.ai will announce its quarterly earnings after the bell on Wednesday, with analysts expecting revenue to decline 25.7% year over year, a further deceleration from the 19.4% decrease recorded in the same quarter last year. In the previous quarter, C3.ai reported revenues of $51.6 million, down 52.5% year on year, beating analysts' revenue expectations but missing on billings estimates. Analysts have generally reconfirmed their estimates over the last 30 days, and the stock has risen 12% in the past month, trading at $10.90 against an average analyst price target of $8.82. Peers Elastic and Teradata have already reported their Q2 results, with Elastic growing revenue 15.1% and Teradata flat, both beating expectations.
C3 Ai IncEarnings report upcoming; revenue expected to decline, but stock has risen and analysts reconfirmed estimates.
Elastic NV
Teradata Corp