Cantor Fitzgerald's Earnings Prediction for SoundHound AI in FY2024

On February 24, 2025, analysts at Cantor Fitzgerald provided their earnings per share (EPS) estimates for SoundHound AI, Inc. (NASDAQ:SOUN) for the fiscal year 2024. Analyst T. Blakey predicts the company will report an EPS of ($0.37) for the year ahead. Cantor Fitzgerald has maintained a “Hold” rating on SoundHound AI's stock, which reflects a cautious stance on the investment.

The current consensus estimate from other analysts for SoundHound AI’s full-year earnings stands at ($0.38) per share. Additionally, Cantor Fitzgerald has released projections for FY2025, estimating an EPS of ($0.21).

SoundHound AI reported its quarterly earnings results recently on February 27, 2025. The company disclosed an EPS of ($0.69) for the quarter, which fell short of analysts’ expectations of ($0.11) by a significant margin of ($0.58). The financial results highlight the company’s challenging position, with a negative return on equity of 55.58% and a negative net margin of 163.58%.

Analysts’ Ratings and Price Targets

In the last few months, several research analysts have voiced their opinions regarding SoundHound AI's stock. Notably, Wedbush lifted its target price on the shares from $10.00 to $22.00, classifying the stock as “outperform” on December 16, 2024. Meanwhile, HC Wainwright reaffirmed a “buy” rating with a target price of $26.00 in a report dated January 13, 2025. Northland Securities also increased its price target from $6.00 to $8.00 with a “market perform” rating on January 14, 2025. Barclays maintained a “neutral” rating, setting a target price of $7.00 in their report from November 13, 2024, which was echoed by LADENBURG THALM/SH SH, also setting a $7.00 target on the same date. Overall, MarketBeat indicates that the stock has an average rating of “Hold” and an average price target of $12.36.

Stock Performance Overview

As of the latest trading session, SoundHound AI shares opened at $9.21. The stock has experienced significant fluctuations over the past year, recording a low of $3.50 and a high of $24.98. Key financial metrics include a debt-to-equity ratio of 0.13, a current ratio of 2.58, and a quick ratio of 2.58. The 50-day moving average price is $15.41, while the 200-day moving average is $9.84. Currently, the market capitalization stands at $3.62 billion, with a price-to-earnings ratio of -25.58, and a beta of 2.56.SoundHoundAI, Earnings, Forecast