C3.ai Inc reports results for the quarter ended April 30 - Earnings Summary

• C3.ai Inc AI.N reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -23 cents to -17 cents per share.

• Revenue rose 25.6% to $108.72 million from a year ago; analysts expected $107.73 million.

• C3.ai Inc's reported EPS for the quarter was a loss of 60 cents​.

• The company reported a quarterly loss of $79.7 million.

• C3.ai Inc shares had risen by 13.6% this quarter and lost 30.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 5 "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 $28.00

This summary was machine generated from LSEG data May 28 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)