Ouster, Inc. (OUST) ended the recent trading session at $44.91, demonstrating a +1.79% change from the preceding day’s closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.45%.
The company’s stock has climbed by 21.11% in the past month, exceeding the Computer and Technology sector’s gain of 6.31% and the S&P 500’s gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of Ouster, Inc. in its upcoming earnings disclosure. The company’s earnings per share (EPS) are projected to be -$0.3, reflecting a 18.92% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $56.2 million, up 42.17% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.05 per share and a revenue of $222.1 million, demonstrating changes of +1.87% and +31.12%, respectively, from the preceding year.
Any recent changes to analyst estimates for Ouster, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts’ favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we’ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Ouster, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Electronics – Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
