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Oracle (ORCL) Gains As Market Dips: What You Should Know
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In the latest trading session, Oracle (ORCL - Free Report) closed at $78.53, marking a +1.02% move from the previous day. This change outpaced the S&P 500's 0.89% loss on the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the software maker had gained 20.88% in the past month. In that same time, the Computer and Technology sector gained 10.6%, while the S&P 500 gained 11.42%.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. In that report, analysts expect Oracle to post earnings of $1.17 per share. This would mark a year-over-year decline of 3.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.04 billion, up 16.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.97 per share and revenue of $49.59 billion, which would represent changes of +1.43% and +16.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Oracle. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% lower. Oracle is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Oracle's current valuation metrics, including its Forward P/E ratio of 15.65. This represents a discount compared to its industry's average Forward P/E of 26.91.
Also, we should mention that ORCL has a PEG ratio of 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 124, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Oracle (ORCL) Gains As Market Dips: What You Should Know
In the latest trading session, Oracle (ORCL - Free Report) closed at $78.53, marking a +1.02% move from the previous day. This change outpaced the S&P 500's 0.89% loss on the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the software maker had gained 20.88% in the past month. In that same time, the Computer and Technology sector gained 10.6%, while the S&P 500 gained 11.42%.
Wall Street will be looking for positivity from Oracle as it approaches its next earnings report date. In that report, analysts expect Oracle to post earnings of $1.17 per share. This would mark a year-over-year decline of 3.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.04 billion, up 16.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.97 per share and revenue of $49.59 billion, which would represent changes of +1.43% and +16.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Oracle. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% lower. Oracle is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Oracle's current valuation metrics, including its Forward P/E ratio of 15.65. This represents a discount compared to its industry's average Forward P/E of 26.91.
Also, we should mention that ORCL has a PEG ratio of 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 124, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.