C3.ai Shares Slide 17.7% Monthly; Q1 EPS Forecast Slumps 142% to -$0.29
Shares of C3.ai closed at $11.48 after falling 1.37%, underperforming the S&P 500 and losing 17.7% over one month compared with a 1.1% sector decline. Analysts forecast Q1 EPS of -$0.29 (down 142% year-over-year) on $75.8 million revenue (23% decline), with full-year EPS of -$1.21 and $298.6 million revenue.
1. Stock Performance Dip
C3.ai shares closed at $11.48 after a 1.37% drop, trailing the S&P 500’s 0.33% loss and underperforming the Nasdaq’s 0.59% decline. Over the past month, the stock slid 17.74%, far exceeding the Computer & Technology sector’s 1.09% decrease and the S&P 500’s flat return.
2. Q1 and Full-Year Forecasts
Analysts project first-quarter EPS of -$0.29, representing a 141.7% decline from last year, on revenue of $75.82 million, down 23.24% year-over-year. Full-year estimates call for EPS of -$1.21 (a 195.12% drop) and revenue of $298.63 million, matching the 23.24% revenue contraction.
3. Analyst Ratings and Industry Position
Consensus EPS estimates have ticked up 0.12% over the past 30 days despite negative projections, leaving C3.ai with a Zacks Rank of #4 (Sell). The Computers – IT Services industry holds a Zacks Industry Rank of 143, placing it in the bottom 42% of over 250 industries.