Ouster, Inc. (OUST) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Ouster, Inc. (OUST) closed at $10.21, reflecting a +1.59% change from the previous day, outperforming the S&P 500's 0.24% gain [1] - Over the past month, Ouster's shares have decreased by 4.74%, underperforming the Computer and Technology sector's gain of 1.76% and the S&P 500's gain of 2.37% [1] Upcoming Earnings - Ouster, Inc. is projected to report earnings of -$ 0.23 per share, indicating a year-over-year growth of 75.79% [2] - The consensus estimate for revenue is $30 million, which represents a 22.75% increase from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for Ouster, Inc. reflect positive sentiment regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has seen a 64.79% decrease over the last 30 days, and Ouster currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - Ouster operates within the Electronics - Miscellaneous Components industry, which ranks in the bottom 41% of all industries according to the Zacks Industry Rank [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]