C3.ai Inc reports results for the quarter ended October 31 - Earnings Summary

C3.ai

09/12/2024 22:01

* C3.ai Inc  AI.N  reported a quarterly adjusted loss of 6
cents​​
per share for the quarter ended October 31, higher than the same
quarter last year, when the company reported EPS of -13 cents. 
The mean expectation of fourteen analysts for the quarter was
for a loss of 16 cents per share. Wall Street expected
results to range from -18 cents to -14 cents per share.
    * Revenue rose 28.8% to $94.34 million from a year ago;
analysts
expected $91.03 million. 
    * C3.ai Inc's reported EPS for the quarter was a loss of 52
cents​.
    * The company reported a quarterly loss of $65.97 million.
    * C3.ai Inc shares had risen by 67.2% this quarter and
gained 41.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 5 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for C3.ai Inc is
$24.00 
This summary was machine generated from LSEG data December 9 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      -0.16          -0.06          Beat
 Jul. 31 2024      -0.13          -0.05          Beat
 Apr. 30 2024      -0.30          -0.11          Beat
 Jan. 31 2024      -0.28          -0.13          Beat