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Atlassian Corporation PLC (TEAM) Stock Sinks As Market Gains: What You Should Know
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Atlassian Corporation PLC (TEAM - Free Report) closed the most recent trading day at $129.55, moving -0.84% from the previous trading session. This move lagged the S&P 500's daily gain of 0.97%. At the same time, the Dow added 1.35%, and the tech-heavy Nasdaq gained 1.39%.
Coming into today, shares of the company had gained 4.9% in the past month. In that same time, the Computer and Technology sector lost 1.04%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from TEAM as it approaches its next earnings report date. On that day, TEAM is projected to report earnings of $0.16 per share, which would represent year-over-year growth of 23.08%. Our most recent consensus estimate is calling for quarterly revenue of $330.53 million, up 35.59% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.82 per share and revenue of $1.21 billion, which would represent changes of +67.35% and +38%, respectively, from the prior year.
Any recent changes to analyst estimates for TEAM 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TEAM is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, TEAM is currently trading at a Forward P/E ratio of 159.98. For comparison, its industry has an average Forward P/E of 63.5, which means TEAM is trading at a premium to the group.
Meanwhile, TEAM's PEG ratio is currently 8.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TEAM's industry had an average PEG ratio of 2.55 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 90, which puts it in the top 36% 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.
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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Atlassian Corporation PLC (TEAM) Stock Sinks As Market Gains: What You Should Know
Atlassian Corporation PLC (TEAM - Free Report) closed the most recent trading day at $129.55, moving -0.84% from the previous trading session. This move lagged the S&P 500's daily gain of 0.97%. At the same time, the Dow added 1.35%, and the tech-heavy Nasdaq gained 1.39%.
Coming into today, shares of the company had gained 4.9% in the past month. In that same time, the Computer and Technology sector lost 1.04%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from TEAM as it approaches its next earnings report date. On that day, TEAM is projected to report earnings of $0.16 per share, which would represent year-over-year growth of 23.08%. Our most recent consensus estimate is calling for quarterly revenue of $330.53 million, up 35.59% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.82 per share and revenue of $1.21 billion, which would represent changes of +67.35% and +38%, respectively, from the prior year.
Any recent changes to analyst estimates for TEAM 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TEAM is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, TEAM is currently trading at a Forward P/E ratio of 159.98. For comparison, its industry has an average Forward P/E of 63.5, which means TEAM is trading at a premium to the group.
Meanwhile, TEAM's PEG ratio is currently 8.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TEAM's industry had an average PEG ratio of 2.55 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 90, which puts it in the top 36% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.