SoundHound AI, Inc. (SOUN) has recently gained attention, with a share price increase of 16.2% over the past month, outperforming the Zacks S&P 500 composite’s 4.3% growth. Analysts project a loss of $0.09 per share for the current quarter, marking a 10% year-over-year change, while the consensus estimate for the fiscal year stands at -$0.33, indicating a 13.2% improvement from the previous year.
For Q1, SoundHound AI’s consensus sales estimate is $13.01 million, reflecting a 48.7% year-over-year increase. The company reported revenues of $11.59 million in the last quarter, up 72.7% year-over-year, and surpassed consensus revenue estimates by 14.53%. SoundHound AI currently holds a Zacks Rank of #3 (Hold), suggesting performance in line with the broader market.
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