Ouster, Inc. (OUST) Stock Dips While Market Gains: Key Facts

Company Overview - Ouster, Inc. (OUST) closed at $7.75, reflecting a -0.77% change from the previous day, underperforming the S&P 500 which gained 0.22% [1] - The stock has increased by 31.7% over the past month, outperforming the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% [1] - The upcoming earnings report is scheduled for November 7, 2024, which is anticipated to be significant for investors [1] Analyst Projections - Recent shifts in analyst projections for Ouster, Inc. are important as they often indicate changes in near-term business trends [1] - Positive estimate revisions are interpreted as favorable signs for the company's business outlook [1] - The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, with Ouster, Inc. currently holding a Zacks Rank of 3 (Hold) [2] Industry Context - Ouster, Inc. is part of the Electronics - Miscellaneous Components industry within the Computer and Technology sector [2] - The industry has a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [2] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [3]