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

• C3.ai Inc AI reported a quarterly adjusted loss of 37 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -39 cents to -8 cents per share.

• Revenue fell 19.4% to $70.26 million from a year ago; analysts expected $94.58 million.

• C3.ai Inc's reported EPS for the quarter was a loss of 86 cents​.

• The company reported a quarterly loss of $116.77 million.

• C3.ai Inc shares had fallen by 31.5% this quarter and lost 51.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44.9% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for C3.ai Inc is $23.00, about 27.5% above its last closing price of $16.68

This summary was machine generated from LSEG data September 3 at 09:01 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)