By Tae Kim
C3.ai is scheduled to report its fiscal second quarter after the close Monday. Investors are eagerly anticipating the company's results after the AI stock's stunning recent rally.
The consensus among analysts is for C3.ai to report October quarter revenue of $91 million with adjusted earnings per share loss of 16 cents. For the current quarter, analysts' estimate revenue of $97.6 million and earnings per share loss of 16 cents, according to FactSet.
C3.ai stock is up about 46% so far this year and 96% over the last three months, compared with the 32% year to date gain for the Nasdaq Composite.
The company may be benefiting from rising investor sentiment for the AI software sector led by Palantir, which reported better-than-expected earnings last month.
C3.ai offers more than 40 enterprise AI applications, serving customers in manufacturing, financial services, government, utilities, oil and gas, chemicals, and defense, among others, according to its website.
Write to Tae Kim at tae.kim@barrons.com
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December 09, 2024 13:22 ET (18:22 GMT)
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