Ouster, Inc. is progressing towards high-volume Lidar production deals, with record quarterly revenues of $30 million and a target of 30%-50% annual growth. The company has seen slow sensor sales growth but sees massive potential, exemplified by some strong industry signs. Ouster's strong cash position and limited cash burn reduce the need for additional capital.
Ouster, Inc. (NASDAQ:OUST ) Q4 2024 Earnings Conference Call March 20, 2025 5:00 PM ET Company Participants Jim Fanucchi - IR Angus Pacala - CEO Chen Geng - Interim CFO Conference Call Participants Andres Sheppard - Cantor Fitzgerald Timothy Savageaux - Northland Capital Markets Casey Ryan - WestPark Capital Madison de Paola - Rosenblatt Operator Hello, and welcome to Ouster's Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Ouster, Inc. (OUST) closed at $7.56 in the latest trading session, marking a +1.07% move from the prior day.
The latest trading day saw Ouster, Inc. (OUST) settling at $8.08, representing a +1.25% change from its previous close.
The latest trading day saw Ouster, Inc. (OUST) settling at $8.25, representing a +1.98% change from its previous close.
In the most recent trading session, Ouster, Inc. (OUST) closed at $10.21, indicating a +1.59% shift from the previous trading day.
In the closing of the recent trading day, Ouster, Inc. (OUST) stood at $10.28, denoting a -1.06% change from the preceding trading day.
Ouster, Inc. (OUST) closed at $9.96 in the latest trading session, marking a +0.81% move from the prior day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The consensus price target hints at a 27.9% upside potential for Ouster (OUST). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Ouster, Inc. is rapidly advancing in the Lidar sector by focusing on non-automotive industries, reporting record sales and significant production orders in robotics. The company is seeing substantial revenue growth, with Q4 sales projected to hit $29-$31 million, despite the stock market not recognizing this progress. Ouster only trades at 3x forward sales targets despite the major growth opportunities.
Ouster (OUST) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).