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UiPath (PATH) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, UiPath (PATH - Free Report) closed at $11.59, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.8%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the enterprise automation software developer had lost 14.12% in the past month. In that same time, the Business Services sector lost 8.94%, while the S&P 500 lost 5.13%.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $245.69 million, up 11.26% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $1.01 billion. These totals would mark changes of -150% and +13.18%, respectively, from last year.
Any recent changes to analyst estimates for UiPath should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. UiPath currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 128, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.
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UiPath (PATH) Dips More Than Broader Markets: What You Should Know
In the latest trading session, UiPath (PATH - Free Report) closed at $11.59, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.8%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the enterprise automation software developer had lost 14.12% in the past month. In that same time, the Business Services sector lost 8.94%, while the S&P 500 lost 5.13%.
Wall Street will be looking for positivity from UiPath as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $245.69 million, up 11.26% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $1.01 billion. These totals would mark changes of -150% and +13.18%, respectively, from last year.
Any recent changes to analyst estimates for UiPath should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. UiPath currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 128, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PATH in the coming trading sessions, be sure to utilize Zacks.com.