We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Salesforce.com (CRM - Free Report) closed at $137.27 in the latest trading session, marking a +0.97% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.18%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 0.74%.
Heading into today, shares of the customer-management software developer had lost 4.17% over the past month, outpacing the Computer and Technology sector's loss of 7.12% and the S&P 500's loss of 6.19% in that time.
Investors will be hoping for strength from CRM as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, CRM is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 60%. Meanwhile, our latest consensus estimate is calling for revenue of $3.56 billion, up 24.85% from the prior-year quarter.
CRM's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $13.23 billion. These results would represent year-over-year changes of +93.33% and +26.27%, respectively.
Investors might also notice recent changes to analyst estimates for CRM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 8.22% higher within the past month. CRM currently has a Zacks Rank of #2 (Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 52.07. This valuation marks a premium compared to its industry's average Forward P/E of 29.3.
We can also see that CRM currently has a PEG ratio of 2.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CRM's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
Salesforce.com (CRM - Free Report) closed at $137.27 in the latest trading session, marking a +0.97% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.18%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 0.74%.
Heading into today, shares of the customer-management software developer had lost 4.17% over the past month, outpacing the Computer and Technology sector's loss of 7.12% and the S&P 500's loss of 6.19% in that time.
Investors will be hoping for strength from CRM as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, CRM is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 60%. Meanwhile, our latest consensus estimate is calling for revenue of $3.56 billion, up 24.85% from the prior-year quarter.
CRM's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $13.23 billion. These results would represent year-over-year changes of +93.33% and +26.27%, respectively.
Investors might also notice recent changes to analyst estimates for CRM. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 8.22% higher within the past month. CRM currently has a Zacks Rank of #2 (Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 52.07. This valuation marks a premium compared to its industry's average Forward P/E of 29.3.
We can also see that CRM currently has a PEG ratio of 2.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CRM's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.