Ouster(US:OUST) ZACKS·2024-08-06 23:15Company Performance - Ouster, Inc. (OUST) closed at $10.98, reflecting a -1.17% change from the previous day, underperforming the S&P 500 which gained 1.04% [1] - Over the past month, Ouster's shares increased by 6.11%, while the Computer and Technology sector declined by 13.91% and the S&P 500 fell by 6.74% [1] Earnings Forecast - The upcoming earnings report for Ouster, scheduled for August 13, 2024, is highly anticipated by the investment community [2] - Zacks Consensus Estimates predict earnings of -$2.34 per share and revenue of $92.2 million for the fiscal year, representing increases of +62.26% and +10.71% respectively from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Ouster are being closely monitored, as they reflect short-term business dynamics [3] - Positive adjustments in estimates indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a history of outperforming, with 1 stocks averaging a +25% annual gain since 1988 [5] - Currently, Ouster, Inc. holds a Zacks Rank of 3 (Hold), with the Consensus EPS estimate remaining unchanged over the past month [5] Industry Context - Ouster operates within the Electronics - Miscellaneous Components industry, which is part of the Computer and Technology sector [6] - This industry currently holds a Zacks Industry Rank of 176, placing it in the bottom 31% of over 250 industries, indicating weaker performance compared to higher-ranked industries [6]