C3.ai (AI) Scheduled to Post Earnings on Monday

C3.ai (NYSE:AI) is scheduled to issue its quarterly earnings data after the market closes on Monday, December 9th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

C3.ai (NYSE:AI) last posted its earnings results on Wednesday, September 4th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.08. C3.ai had a negative net margin of 85.47% and a negative return on equity of 31.28%. The company had revenue of $87.21 million during the quarter, compared to analysts’ expectations of $86.94 million. During the same period last year, the company posted ($0.56) earnings per share. C3.ai’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts expect C3.ai to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

C3.ai Stock Up 8.1 %

AI opened at $40.52 on Friday. The company has a market capitalization of $5.15 billion, a PE ratio of -17.77 and a beta of 2.00. The firm has a 50-day simple moving average of $28.74 and a two-hundred day simple moving average of $27.13. C3.ai has a 52 week low of $18.85 and a 52 week high of $40.65.

Analyst Ratings Changes

A number of brokerages have issued reports on AI. Bank of America decreased their price objective on C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. DA Davidson raised their price target on C3.ai from $20.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley reduced their price objective on shares of C3.ai from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, September 5th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $24.00 target price on shares of C3.ai in a research note on Thursday, September 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of C3.ai in a research note on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.20.

About C3.ai

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.