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Box (BOX) Outpaces Stock Market Gains: What You Should Know
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Box (BOX - Free Report) closed at $24.49 in the latest trading session, marking a +0.82% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.91%.
Prior to today's trading, shares of the online storage provider had gained 22.37% over the past month. This has outpaced the Computer and Technology sector's gain of 5.39% and the S&P 500's gain of 4.16% in that time.
BOX will be looking to display strength as it nears its next earnings release, which is expected to be February 27, 2019. In that report, analysts expect BOX to post earnings of $0.02 per share. This would mark year-over-year growth of 133.33%. Meanwhile, our latest consensus estimate is calling for revenue of $164.14 million, up 20.09% from the prior-year quarter.
Any recent changes to analyst estimates for BOX should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. BOX is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, BOX is currently trading at a Forward P/E ratio of 1214.5. For comparison, its industry has an average Forward P/E of 53.33, which means BOX is trading at a premium to the group.
We can also see that BOX currently has a PEG ratio of 71.44. 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. The Internet - Software industry currently had an average PEG ratio of 2.83 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Box (BOX) Outpaces Stock Market Gains: What You Should Know
Box (BOX - Free Report) closed at $24.49 in the latest trading session, marking a +0.82% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.91%.
Prior to today's trading, shares of the online storage provider had gained 22.37% over the past month. This has outpaced the Computer and Technology sector's gain of 5.39% and the S&P 500's gain of 4.16% in that time.
BOX will be looking to display strength as it nears its next earnings release, which is expected to be February 27, 2019. In that report, analysts expect BOX to post earnings of $0.02 per share. This would mark year-over-year growth of 133.33%. Meanwhile, our latest consensus estimate is calling for revenue of $164.14 million, up 20.09% from the prior-year quarter.
Any recent changes to analyst estimates for BOX should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. BOX is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, BOX is currently trading at a Forward P/E ratio of 1214.5. For comparison, its industry has an average Forward P/E of 53.33, which means BOX is trading at a premium to the group.
We can also see that BOX currently has a PEG ratio of 71.44. 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. The Internet - Software industry currently had an average PEG ratio of 2.83 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.