Ouster, Inc. (OUST) Ascends While Market Falls: Some Facts to Note

Company Performance - Ouster, Inc. (OUST) closed at $9.96, reflecting a +0.81% change from the previous trading day's close, outperforming the S&P 500 which fell by 0.51% [1] - The company's shares have decreased by 20% over the past month, while the Computer and Technology sector gained 0.79% and the S&P 500 increased by 2.87% during the same period [1] Upcoming Earnings - Ouster, Inc. is expected to report an EPS of -$ 0.23, which represents a 75.79% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $30 million, indicating a 22.75% rise from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Ouster, Inc. are crucial as they reflect short-term business trends and analyst sentiment regarding the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, has shown a correlation with near-term stock prices [4] Zacks Rank and Industry Position - Ouster, Inc. currently holds a Zacks Rank of 3 (Hold), with a 64.79% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The Electronics - Miscellaneous Components industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [6]