Ouster, Inc. (OUST) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Ouster, Inc. (OUST) stock closed at $30.65, reflecting a -6.24% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.58% [1] - The company's stock has increased by 14.66% over the past month, outperforming the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68% [1] Upcoming Earnings - The upcoming EPS for Ouster, Inc. is projected at -$0.43, indicating a 20.37% increase compared to the same quarter of the previous year [2] - Revenue is estimated to be $36.75 million, representing a 30.88% increase compared to the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of -$1.58 per share and revenue of $144.25 million, reflecting changes of +24.04% and +29.84% respectively from the previous year [3] - Recent changes to analyst estimates for Ouster, Inc. suggest a favorable outlook on the company's business health and profitability [3] Zacks Rank and Industry Position - Ouster, Inc. currently holds a Zacks Rank of 2 (Buy), with the Zacks Rank system showing an impressive track record of outperformance [5] - The Electronics - Miscellaneous Components industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 41, placing it in the top 17% of over 250 industries [6]