Ouster Gains 2.6% Pre-Earnings with Q4 EPS Forecast of –$0.39
Ouster shares rose 2.64%, outpacing the S&P 500’s 0.28% drop and lagging sector’s 3.36% loss. The company is set to report Q4 earnings on March 2 with expected EPS of –$0.39 (up 18.75% year-over-year) and revenue of $40.85 million (up 35.76%).
1. Stock Performance
Ouster shares gained 2.64% on the latest trading day, closing ahead of the S&P 500’s 0.28% loss, the Dow’s 0.54% decline and the Nasdaq’s 0.31% drop. Prior to this, shares had fallen 26.49% over the past year, lagging the sector’s 3.36% retreat.
2. Earnings Forecast
The company will release Q4 earnings on March 2, with analysts projecting EPS of –$0.39, an 18.75% improvement year-over-year, and revenue of $40.85 million, up 35.76% from the year-ago period. Full-year consensus estimates call for EPS of –$1.53 and revenue of $148 million, increases of 26.44% and 33.21%, respectively.
3. Analyst Rankings
Ouster holds a Zacks Rank #3 (Hold) as EPS estimates have remained unchanged over the past 30 days. The Computer and Technology sector’s miscellaneous components industry ranks 52nd out of over 250 industries, placing it in the top 22% by average analyst outlook.