C3.ai’s Earnings Forecast: A Closer Look at Expectations and Market Trends

Wall Street anticipates that C3.ai Inc AI will report a loss of 16 cents per share for its second quarter. Additionally, earnings are expected to reach $91.03 million. The results will be revealed after market hours on Monday.

Over the past year, C3.ai’s stock has surged by 43.94%, and it has risen 29.21% in the last six months, indicating significant investor interest.

Next, we’ll explore the current trends for C3.ai and how they compare with analyst expectations.

C3.ai Shows Strong Bullish Momentum

As C3.ai approaches its second-quarter earnings report, its stock displays robust bullish momentum. It is trading notably above its five, 20, and 50-day exponential moving averages, reflecting increased buying activity.

Chart created using Benzinga Pro

Currently priced at $41.56, C3.ai is outperforming its 8-day simple moving average (SMA) of $37.96, 20-day SMA of $33.89, and 50-day SMA of $28.84. This trend highlights ongoing buying pressure. Furthermore, the 200-day SMA of $26.93 adds to a positive outlook.

The moving average convergence/divergence (MACD) sits at 3.38, reinforcing the bullish sentiment. However, the relative strength index (RSI) is at 79.08, suggesting that the stock is in overbought territory. Investors might want to adopt a cautious approach after the earnings release.

C3.ai Analysts See 8% Downside

Ratings & Consensus Estimates: Currently, the consensus analyst rating for C3.ai is Neutral, with a price target of $26.17. Analysts from DA Davidson, Oppenheimer, and JMP Securities predict a potential downside of 7.99% for C3.ai stock, targeting $38.33.

Price Action: At the time of this report, C3.ai stock was trading at $42.

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