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Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
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Salesforce.com (CRM - Free Report) closed the most recent trading day at $132.32, moving +1.14% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the customer-management software developer had gained 8.11% in the past month. In that same time, the Computer and Technology sector lost 5.51%, while the S&P 500 lost 7.29%.
CRM will be looking to display strength as it nears 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, the Zacks Consensus Estimate for revenue is projecting net sales of $3.56 billion, up 24.92% from the year-ago period.
CRM's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $13.24 billion. These results would represent year-over-year changes of +93.33% and +26.3%, respectively.
Investors might also notice recent changes to analyst estimates for CRM. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 8.22% higher. CRM currently has a Zacks Rank of #2 (Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 50.1. This valuation marks a premium compared to its industry's average Forward P/E of 27.47.
We can also see that CRM currently has a PEG ratio of 2.07. 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. Computer - Software stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.
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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Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
Salesforce.com (CRM - Free Report) closed the most recent trading day at $132.32, moving +1.14% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the customer-management software developer had gained 8.11% in the past month. In that same time, the Computer and Technology sector lost 5.51%, while the S&P 500 lost 7.29%.
CRM will be looking to display strength as it nears 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, the Zacks Consensus Estimate for revenue is projecting net sales of $3.56 billion, up 24.92% from the year-ago period.
CRM's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $13.24 billion. These results would represent year-over-year changes of +93.33% and +26.3%, respectively.
Investors might also notice recent changes to analyst estimates for CRM. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 8.22% higher. CRM currently has a Zacks Rank of #2 (Buy).
Digging into valuation, CRM currently has a Forward P/E ratio of 50.1. This valuation marks a premium compared to its industry's average Forward P/E of 27.47.
We can also see that CRM currently has a PEG ratio of 2.07. 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. Computer - Software stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.