Will soundhound have a good earnings report next Tuesday?

**SoundHound AI (SOUN) is expected to report its third-quarter earnings on Tuesday, November 12, 2024**. The consensus EPS estimate for the quarter is -$0.07, which represents a year-over-year change of +11.1%. This suggests that the company is expected to post a loss per share, but the loss is anticipated to be smaller than the previous year's loss. The Zacks Consensus Estimate for SoundHound AI's revenue for the quarter is $23.68 million, which is a significant increase from the year-ago quarter's revenue. This indicates that the company's revenue is expected to grow substantially, which could be a positive indicator for the earnings report. In addition to the financial estimates, it's important to consider the company's recent performance and market sentiment. SoundHound AI's stock has experienced a significant surge of 22.1% on November 7, 2024, which could be a result of investor optimism about the upcoming earnings report. The company's stock also rallied 3.6% on November 8, 2024. Furthermore, SoundHound AI's technical indicators are bullish, with the 50-day moving average turning bullish in early October, suggesting a potential for higher prices over the next 3-6 months. This technical analysis could support the idea that the stock price may continue to rise following the earnings report. In conclusion, while there is no guarantee that SoundHound AI will have a "good" earnings report in the traditional sense (i.e., a profit), the expected reduction in the loss per share, combined with the significant revenue growth and bullish technical indicators, suggest that the earnings report could be positive for the company and its investors.