C3.ai Reports Earnings Wednesday: What To Watch From Artificial Intelligence Stock
Portfolio Pulse from AJ Fabino
C3.ai Inc (NYSE:AI) is set to release its Q4 earnings after the closing bell on Wednesday. The company is expected to post an earnings loss of 17 cents per share, a 41.67% decline YoY, and revenues of $71.59 million, a 9.6% increase YoY. The AI stock has seen a 300% increase in the first half of the year. Analysts from Northland Capital Markets and JMP Securities have initiated and maintained a $40 price target respectively.
September 05, 2023 | 3:24 pm
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Nvidia Corp has seen gains as part of the investor rush into AI stocks.
The mention of Nvidia Corp in the context of the investor rush into AI stocks suggests that the company is performing well in this sector, which could positively impact the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The Invesco QQQ Trust Series 1 has seen gains as part of the investor rush into AI stocks.
The mention of the Invesco QQQ Trust Series 1 in the context of the investor rush into AI stocks suggests that the ETF is performing well in this sector, which could positively impact its value.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
C3.ai is expected to post a YoY decline in earnings and an increase in revenues. The stock has seen a 300% increase in the first half of the year.
The expected decline in earnings could negatively impact the stock, but the increase in revenues and the overall positive performance of the stock in the first half of the year could balance this out.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100