C3.ai Q3 Earnings Preview: Earnings Estimates, Analysts Thoughts On Underwhelming Growth, Looking Ahead To C3 Transform
Portfolio Pulse from Chris Katje
C3.ai Inc (NYSE:AI) is set to report its Q3 financial results, with analysts expecting a revenue of $76.15 million, marking a potential company record. The company has consistently beaten revenue and earnings per share estimates in recent quarters. However, analysts have expressed concerns over the slow adoption of generative AI and the company's recent performance. Upcoming earnings, analyst reactions, and the C3 Transform AI conference could influence stock volatility. C3.ai shares are currently trading at $30.10, having risen 30% over the past year.
February 28, 2024 | 12:30 am
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C3.ai is anticipated to report a record Q3 revenue of $76.15 million, surpassing previous quarters and showing growth from the same period last year. Despite this, analysts have mixed feelings due to slow generative AI adoption and are looking for signs of progress in the upcoming report. The company's stock has seen a 30% increase over the past year, with current trading at $30.10.
The expected record revenue indicates strong performance, but analyst concerns over slow generative AI adoption could temper investor enthusiasm. The proximity of earnings release, analyst reactions, and the C3 Transform AI conference may lead to short-term volatility. The stock's past performance and the 30% year-over-year increase suggest a positive trend, but the mixed analyst outlook and the emphasis on future growth strategies highlight uncertainties that could influence short-term stock movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100