Why AST SpaceMobile, Inc. (ASTS) Dipped More Than Broader Market Today

Company Performance - AST SpaceMobile, Inc. (ASTS) closed at $85.73, reflecting a -12.06% change from the previous day, underperforming the S&P 500's daily loss of 0.34% [1] - Over the past month, shares of ASTS have appreciated by 33.84%, outperforming the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19% [1] Upcoming Earnings - The company is expected to report an EPS of -$0.17, which is a decrease of 41.67% from the prior-year quarter [2] - Revenue is anticipated to be $38.27 million, indicating a significant increase of 1893.02% compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of -$1.06 per share and revenue of $54.87 million, representing changes of -60.61% and 0% respectively from last year [3] Analyst Estimates - Recent adjustments to analyst estimates for AST SpaceMobile reflect evolving short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which incorporates estimate changes, currently rates AST SpaceMobile as 3 (Hold) [6] Industry Context - The Wireless Equipment industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]