Company Performance - Ouster, Inc. (OUST) closed at $10.21, reflecting a +1.59% change from the previous day, outperforming the S&P 500's 0.24% gain [1] - Over the past month, Ouster's shares have decreased by 4.74%, underperforming the Computer and Technology sector's gain of 1.76% and the S&P 500's gain of 2.37% [1] Upcoming Earnings - Ouster, Inc. is projected to report earnings of -$0.23 per share, indicating a year-over-year growth of 75.79% [2] - The consensus estimate for revenue is $30 million, which represents a 22.75% increase from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for Ouster, Inc. reflect positive sentiment regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has seen a 64.79% decrease over the last 30 days, and Ouster currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - Ouster operates within the Electronics - Miscellaneous Components industry, which ranks in the bottom 41% of all industries according to the Zacks Industry Rank [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Company Performance - Ouster, Inc. (OUST) closed at $10.28, down 1.06% from the previous trading session, underperforming the S&P 500's daily gain of 0.67% [1] - Over the past month, Ouster's shares have depreciated by 8.22%, while the Computer and Technology sector lost 0.79% and the S&P 500 gained 2.07% [1] Financial Projections - The upcoming earnings per share (EPS) for Ouster, Inc. is projected to be -$0.23, reflecting a 75.79% increase from the same quarter last year [2] - The consensus estimate for revenue is $30 million, indicating a 22.75% increase compared to the same quarter of the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Ouster, Inc. are important as they reflect shifting business dynamics, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - The Zacks Rank system, which considers these estimate changes, provides a rating system that can help investors capitalize on stock movements [4] Zacks Rank and Industry Performance - Ouster, Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 64.79% lower over the last 30 days [5] - The Electronics - Miscellaneous Components industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 138, placing it in the bottom 46% of over 250 industries [6]

Company Performance - Ouster, Inc. (OUST) closed at $9.96, reflecting a +0.81% change from the previous trading day's close, outperforming the S&P 500 which fell by 0.51% [1] - The company's shares have decreased by 20% over the past month, while the Computer and Technology sector gained 0.79% and the S&P 500 increased by 2.87% during the same period [1] Upcoming Earnings - Ouster, Inc. is expected to report an EPS of -$0.23, which represents a 75.79% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $30 million, indicating a 22.75% rise from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Ouster, Inc. are crucial as they reflect short-term business trends and analyst sentiment regarding the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, has shown a correlation with near-term stock prices [4] Zacks Rank and Industry Position - Ouster, Inc. currently holds a Zacks Rank of 3 (Hold), with a 64.79% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The Electronics - Miscellaneous Components industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [6]

Financial Guidance - Ouster, Inc. reaffirmed its estimated revenue guidance for Q4 2024, based on preliminary financial results[4] - The preliminary financial results for the three months ended December 31, 2024, are subject to change pending completion of closing and review procedures[5] Management Changes - Mark Weinswig, the Chief Financial Officer, will resign effective January 31, 2025, to pursue a new career opportunity[7] - Chen Geng has been appointed as Interim Chief Financial Officer effective January 16, 2025[8] - Chen Geng has served as Vice President, Strategic Finance & Treasurer since September 2023 and previously as Director of Corporate Development[9]

Core Viewpoint - Ouster, Inc. (OUST) shares have increased by 36.5% in the past four weeks, closing at $9.62, with a mean price target of $12.30 indicating a potential upside of 27.9% [1] Price Targets - The mean estimate consists of five short-term price targets with a standard deviation of $2.86, where the lowest estimate is $10 (4% increase) and the highest is $17 (76.7% increase) [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement [7] Earnings Estimates - Analysts show increasing optimism about OUST's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 8.3% due to one upward revision and no negative revisions in the last 30 days [10] Analyst Ratings - OUST holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Investment Considerations - While consensus price targets may not be reliable for predicting exact stock movements, they can provide a directional guide for potential price changes [12]

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Core Viewpoint - Ouster, Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that rising earnings estimates can lead to increased buying pressure and higher stock prices [4][5]. - Ouster is projected to earn -$2.20 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 64.5% [8]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - The upgrade of Ouster to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating its strong earnings estimate revision feature and potential for market-beating returns in the near term [10].

Group 1 - Ouster, Inc. (OUST) has seen a 21.1% increase in stock price over the past four weeks, with a mean price target of $12.30 indicating a potential upside of 35% [1] - The average price targets from analysts range from a low of $10 to a high of $17, with a standard deviation of $2.86, suggesting variability in estimates [2] - Analysts show strong agreement on OUST's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][9] Group 2 - The Zacks Consensus Estimate for OUST's current year earnings has increased by 8.3% over the last 30 days, with no negative revisions [10] - OUST holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting exact stock gains, they can indicate the direction of price movement [11]

Core Insights - Ouster (NYSE: OUST) achieved a new revenue record in Q3, generating $28.08 million in revenue with a gross margin of 38% and a non-GAAP margin of 45% when excluding $4.1 million in litigation costs [1] - The company successfully cleared its debt while utilizing only $3.1 million in cash for operations during the quarter [1] - The focus of interest has shifted towards lidar companies, emphasizing their technology, adoption, and revenue growth [1]

Core Concept - The principle of "survival of the fittest" is central to capitalism, where the best solutions in free-market economies yield the most significant financial benefits [1] - Geopolitical complexities add layers of difficulty in the global economy [1] Industry Focus - Solar manufacturers and renewable yieldcos were previously evaluated based on operational, financial, and growth factors [1] - Current interest lies in lidar companies, particularly their technology, adoption rates, and revenue growth [1]