SoundHound AI, Inc. (NASDAQ:SOUN) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Simply Wall St.11-14

As you might know, SoundHound AI, Inc. (NASDAQ:SOUN) just kicked off its latest quarterly results with some very strong numbers. Revenues beat expectations coming in atUS$25m, ahead of estimates by ...

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(NASDAQ:SOUN) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/soundhound-ai-inc-nasdaq-soun-113258531.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As you might know, SoundHound AI, Inc. (NASDAQ:SOUN) just kicked off its latest quarterly results with some very strong numbers. Revenues beat expectations coming in atUS$25m, ahead of estimates by ...</p>\n\n<a href=\"https://finance.yahoo.com/news/soundhound-ai-inc-nasdaq-soun-113258531.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://finance.yahoo.com/news/soundhound-ai-inc-nasdaq-soun-113258531.html","article_id":"2483660875","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/3wFOxca.gMo3EgB9BjBM9g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/41bdd0c670f621394929d5266c5d6c72"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483660875","pubTimestamp":1731583978,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"As you might know, SoundHound AI, Inc.  just kicked off its latest quarterly results with some very strong numbers. 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(NASDAQ:SOUN) just kicked off its latest quarterly results with some very strong numbers. Revenues beat expectations coming in atUS$25m, ahead of estimates by 9.0%. Statutory losses were somewhat smaller thanthe analysts expected, coming in at US$0.06 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. \n See our latest analysis for SoundHound AI \n\n\n\n  NasdaqGM:SOUN Earnings and Revenue Growth November 14th 2024\n \n\n Taking into account the latest results, the current consensus from SoundHound AI's seven analysts is for revenues of US$159.3m in 2025. This would reflect a substantial 137% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 32% to US$0.21. Before this latest report, the consensus had been expecting revenues of US$152.1m and US$0.21 per share in losses. \n The consensus price target held steady at US$7.93despite the upgrade to revenue forecasts and ongoing losses. The analysts seems to think the business is otherwise performing roughly in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on SoundHound AI, with the most bullish analyst valuing it at US$10.00 and the most bearish at US$6.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. \n One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting SoundHound AI's growth to accelerate, with the forecast 99% annualised growth to the end of 2025 ranking favourably alongside historical growth of 36% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that SoundHound AI is expected to grow much faster than its industry. \nThe Bottom Line \n The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at US$7.93, with the latest estimates not enough to have an impact on their price targets. \n Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for SoundHound AI going out to 2025, and you can see them free on our platform here. \n And what about risks? Every company has them, and we've spotted   4 warning signs for SoundHound AI   you should know about. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483660875"}