Ouster, Inc. (oust) Surpasses Market Returns: Some Facts Worth Knowing

In the latest close session, Ouster, Inc. (OUST) was up +1.36% at $18.62. The stock's change was more than the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 1.16%.

Prior to today's trading, shares of the company had lost 15.42% lagged the Computer and Technology sector's loss of 5.35% and the S&P 500's loss of 4.99%.

Market participants will be closely following the financial results of Ouster, Inc. in its upcoming release. The company is expected to report EPS of -$0.31, up 26.19% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $45.8 million, showing a 40.36% escalation compared to the year-ago quarter.

OUST's full-year Zacks Consensus Estimates are calling for earnings of -$0.96 per share and revenue of $219.9 million. These results would represent year-over-year changes of +10.28% and +29.82%, respectively.

Investors should also note any recent changes to analyst estimates for Ouster, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 17.24% higher. Currently, Ouster, Inc. is carrying a Zacks Rank of #3 (Hold).

The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 36% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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