Ouster, Inc. (OUST) Stock Falls Amid Market Uptick: What Investors Need to Know

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]