SoundHound AI Stock Down 32.8% Month-Over-Month, Q4 EPS Outlook at -$0.02
SoundHound’s shares have fallen 32.8% over the past month, compared with a 4.05% drop in the Computer & Technology sector and a 1.43% decline in the S&P 500. The company projects Q4 EPS of -$0.02 on $53.96 million revenue, marking 97.1% EPS growth and 56.2% revenue growth year-over-year, and holds a Zacks Rank #2.
1. Stock Performance
SoundHound AI closed at $7.33 on February 17, falling 1.74% and trailing a 0.1% gain in the S&P 500. Over the past month, shares have slid 32.79%, far outpacing the Computer & Technology sector’s 4.05% loss.
2. Earnings Outlook
The company is set to release fourth-quarter results on February 26, with consensus estimates projecting an EPS loss of $0.02 on $53.96 million in revenue, representing a 97.1% EPS improvement and 56.2% revenue growth year-over-year.
3. Analyst Estimate Revisions
Consensus EPS forecasts have remained unchanged in the past 30 days while revenue estimates reflect a roughly 98.2% increase for the full year. These revision trends contribute to the firm’s Zacks Rank #2 (Buy) classification.
4. Industry Positioning
SoundHound AI operates within an industry ranked in the top 36% by Zacks Industry Rank, highlighting its relative strength among over 250 Computer & Technology groups.