SoundHound AI, Inc. (SOUN) Stock Sinks As Market Gains: Here's Why

Company Performance - SoundHound AI, Inc. closed at $10.20, reflecting a -1.07% change from the previous day, underperforming the S&P 500 which gained 0.16% [1] - The company's shares increased by 9.33% over the past month, outperforming the Computer and Technology sector which declined by 5.94% and the S&P 500 which fell by 3.59% [1] Earnings Expectations - The upcoming earnings report for SoundHound AI, Inc. is anticipated to show an EPS of -$ 0.07, remaining consistent with the same quarter last year [2] - Revenue is expected to reach $30.21 million, representing a significant increase of 160.62% compared to the same quarter last year [2] Full Year Projections - For the full year, analysts project an EPS of -$ 0.16 and revenue of $165.76 million, indicating increases of +84.62% and +95.72% respectively from the previous year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for SoundHound AI, Inc. are important as they reflect short-term business trends, with positive changes indicating analyst optimism about the company's profitability [4] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system that can help investors make informed decisions [5] Zacks Rank and Industry Position - SoundHound AI, Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 4.72% in the past month [6] - The Computers - IT Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [7]