SoundHound AI Shares Climb 2.9% to $8.81 Ahead of Q4 Forecast
SoundHound AI shares rose 2.92% to $8.81, outpacing the S&P 500’s 0.47% gain after losing 27.15% in prior sessions this year relative to a 1.96% sector decline. Analysts forecast Q4 EPS of -$0.02 (97.1% improvement year-over-year) on revenue of $53.96 million (+56.2%).
1. Stock Performance
SoundHound AI shares closed at $8.81, up 2.92% on the day, outperforming the S&P 500’s 0.47% advance, the Nasdaq’s 0.9% gain and the Dow’s 0.04% rise. The stock had previously dropped 27.15% year-to-date, compared with a 1.96% loss in the Computer and Technology sector and a 0.16% decline in the S&P 500.
2. Q4 Earnings Projections
Analysts expect the company to report Q4 earnings of -$0.02 per share, which would represent a 97.1% improvement from the year-ago loss, alongside revenue of $53.96 million, up 56.22% year-over-year. These projections signal accelerating top-line growth and narrowing losses as the business scales.
3. Full-Year Outlook and Analyst Ratings
For the full fiscal year, estimates call for EPS of -$0.15 (an 85.6% year-over-year improvement) and revenue of $167.84 million, a 98.2% increase. The stock carries a Zacks Rank #3 (Hold), with consensus EPS estimates unchanged over the past 30 days and the Computers - IT Services industry ranked in the bottom 42% of Zacks’ industry rankings.