Ouster, Inc. (OUST) ended the recent trading session at $21.64, demonstrating a -10.76% change from the preceding day's closing price. This change lagged the S&P 500's 0.11% loss on the day. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%.
The company's stock has climbed by 89.6% in the past month, exceeding the Computer and Technology sector's gain of 8.76% and the S&P 500's gain of 5.17%.
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Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.48, signifying a 9.43% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $34 million, up 25.97% from the prior-year quarter.
OUST's full-year Zacks Consensus Estimates are calling for earnings of -$1.74 per share and revenue of $143.4 million. These results would represent year-over-year changes of +16.35% and +29.07%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Ouster, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ouster, Inc. currently has a Zacks Rank of #2 (Buy).
The Electronics – Miscellaneous Components industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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